EDP Brasil seeks new green hydrogen clients
According to financial director Jlio Andrade, EDP Brazil is seeking new clients for its next green hydrogen projects.
In Ceará state’s Pecém industrial port complex, EDP opened its first green hydrogen plant in January with an investment of 42 million reais ($8.25 million).
The 720MW coal-fired plant in Pecém owned by the Portuguese company has energy supply agreements that expire in 2027.
Following the cancellation of a backup capacity auction last year, EDP recorded an anticipated impairment of 1.2 billion reals in January in subsidiary Porto de Pecém Geraço de Energia, which is in charge of the facility.
India to release guidelines for green hydrogen subsidies
To help distribute the government’s subsidies, India is about to publish rules for renewable hydrogen generators and bids for electrolyzer makers.
In order to produce 5 million mt/year of green hydrogen by 2030, the nation’s National Green Hydrogen Mission, announced in January, aims to offer Rupees 197.44 billion ($2.4 billion) in funding support for electrolyzer production. Moreover, public sector organizations like fertilizer and refinery businesses may publish separate tenders for hydrogen project proposals.
According to the hydrogen mission, it would develop the capacity to produce 10 million metric tons of renewable hydrogen annually and aim for a 10% market share. India’s expanding use of renewable energy sources may make low-cost hydrogen generation possible.
SEPTA invests in fuel cell electric buses
A deal to buy ten FCEBs, or fuel cell electric buses, has been approved by SEPTA.
Ten 40-foot, low floor FCEBs produced in the US by New Flyer of America will be purchased by SEPTA for roughly $17 million.
According to the manufacturer, these buses will enable SEPTA to test this technology before making preparations for a fleet of zero-emission buses. By the summer of 2024, it is anticipated that the new vehicles will be in use throughout the city.
According to a statement from SEPTA, these vehicles are fueled by electricity generated by hydrogen fuel cells, which results in no tailpipe emissions and better air quality for passengers, nearby residents, and communities.
According to SEPTA, hydrogen buses have comparable range and performance to diesel-hybrid buses while operating more quietly, costing less to maintain, and emitting less than half the amount of greenhouse gases during their entire lives.
Hopium gets €2M loan from Normandy region
Recently, the Normandy regional council granted Hopium an unusual line of credit.
The Normandy region has made the decision to support the budding hydrogen vehicle manufacturer by giving it a two million euro loan. a sum that will be given to the business as a zero-interest loan that must be repaid in 18 months.
The funding package provided by the Normandy area, where the brand’s car production facility is expected to be located, will be utilized to continue current research and development efforts, complete “the strategic reorientation of its commercial and economic model,” and generate 28 new employment.
