Chevron U.S.A. Inc., through its Chevron New Energies division, has acquired 100% of Magnum Development, LLC, marking a significant step towards renewable hydrogen production and storage.
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ANGI Energy Systems has embarked on a strategic partnership with Nikola Corporation. This collaboration aims to propel the development of a widespread network of commercial hydrogen refueling stations.
Toyota Motor Europe and VDL Groep have revealed their first fuel cell demo truck. This initiative demonstrates Toyota’s commitment to decarbonizing its logistics processes and contributes to the broader European goal of transitioning to clean and sustainable energy solutions.
Solaris, a subsidiary of the CAF Group, has successfully secured contracts to supply a total of 235 hydrogen buses to Italy and Germany, representing a combined project value of EUR 150 million. These contracts mark a significant stride in the expansion of hydrogen fuel cell-based public transport across Europe.
Russian scientists, in collaboration with international counterparts, have achieved a groundbreaking feat in the realm of hydrogen energy. They’ve successfully synthesized a compound with the potential to revolutionize the storage and transportation of hydrogen, a key hurdle in the expansion of hydrogen-based energy solutions.
Oman’s Minister of Economy, Dr. Said Mohammed Al-Saqri, highlighted the flourishing economic cooperation between Oman and Saudi Arabia. Over the past two years, since the establishment of the Saudi-Omani Coordination Council and the opening of a direct land border, these Gulf nations have witnessed substantial progress in various sectors.
Hitachi Energy has successfully delivered an innovative modular eHouse solution to Ovako, a prominent European steel manufacturer and one of the Nordic region’s largest steel recyclers.
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One significant challenge lies in the high capital costs associated with building the necessary electrolyzers for green hydrogen production. According to experts, these costs can only be recouped with consistently high capacity utilization, which requires a stable and reliable source of power for electrolysis.
Schaeffler is intensifying its collaboration with Swedish startup H2 Green Steel. This strategic partnership aims to redefine the steel industry through innovative green practices and advanced technologies.
