In a three-year agreement, South Korean car giant Hyundai Motor Group will provide more than 1,000 hydrogen fuel-cell systems to a German manufacturer of environmentally friendly vehicles.
The renewable hydrogen plant will start out with a 30 MW capacity and be able to scale up to 200 MW in various stages. In the initial phase, it will produce more than 4,000 tons of renewable hydrogen annually, and it will eventually produce 30,000 tons annually.
The electrolysis project will produce hydrogen for filling stations and other clients in the area using electricity from the nearby Hollandia solar park.
Allianz Capital Partners (ACP), a subsidiary of Allianz Global Investors and Allianz insurance companies (Allianz), a German-based investor in renewable energy and infrastructure, has announced that it has entered into an agreement to acquire a minority stake in Nordic Ren-Gas Oy, a Finnish project developer for green hydrogen and power-to-gas (PtG) projects (Ren-Gas).
According to France Hydrogen, the industry’s most ambitious scenario for the growth of decarbonated hydrogen production capacity in France should be followed, with more than 250 projects identified and 225 vehicle charging stations by 2025.
Spanish Prime Minister Pedro Sanchez stated on Friday that an underwater pipeline to transport green hydrogen between Spain and France will cost approximately 2.5 billion euros ($2.6 billion), adding that he hoped the European Union will partially fund the project.
Toyota and BMW are among the major Japanese and German manufacturers that are entering the hydrogen-powered vehicle industry, which is currently dominated by Hyundai Motor Co.
