Browsing: Europe

In the landscape of energy transition, few elements have sparked as much intrigue and enthusiasm as hydrogen. The year 2023 has witnessed a surge in discussions surrounding hydrogen’s potential, often bordering on exaggerated zeal.

Enagás, a key player in Spain’s energy landscape, is poised to become a linchpin in the development of this groundbreaking initiative that could redefine hydrogen transport across Europe. However, as the H2Med vision takes shape, it’s not without its share of challenges and skeptics.

Renewable energy giant Orsted and energy company Phillips 66 have jointly announced their decision to withdraw funding from the UK Government’s Hydrogen Business Model (HMB) process for their green hydrogen project Gigastack at Hornsea 2, the world’s largest wind farm. The HMB process aims to financially back the initial gigawatts of low-carbon hydrogen projects by 2025.