Browsing: Europe

BP Pulls Out as HyCC Repositions Rotterdam Hydrogen Ambitions with H2Next Project

BP has exited its joint development of the 250MW H2-Fifty project in the Port of Rotterdam—a decision that signals both strategic recalibration and the financial headwinds confronting early-stage electrolytic hydrogen ventures. HyCC, BP’s former partner, will instead pursue a similarly sized standalone project, H2Next, shifting timelines and partnerships but retaining ambition in Europe’s largest port.

hydrogen

With over 90% of its electricity already generated from renewable sources, Newfoundland and Labrador holds a rare advantage among global hydrogen hopefuls. Its latest move—signing a memorandum of understanding (MoU) with the Port of Amsterdam—signals growing ambition to convert this domestic strength into an export-led green hydrogen economy.