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.
According to Prime Minister Antonio Costa, Portugal aims to accelerate the investments in green hydrogen projects that are necessary to decarbonize the economy and will stop requiring environmental evaluations for them in March 2023.
In the future years, VVD and D66 want the Netherlands to manufacture a lot more hydrogen than the existing plan. The 2030 production goal will quadruple if the coalition parties have their way. For sustainability and to achieve energy independence, it is essential.
Beginning with the commissioning, EnBW will import three billion cubic meters of LNG annually via the Hanseatic Energy Hub in Stade. EnBW will also have the choice to switch to ammonia as a hydrogen-based energy source in the future.
The Manitou Group has unveiled its research and development plan for hydrogen-powered equipment, including the debut of its first green hydrogen-powered telehandler prototype.
For the existing and future hydrogen users in Europe, the start of the first €900 million tranche of the H2 Global auction program represents a significant milestone.
