SES Hydrogen Energy recapitalization deal with Sescom and NDI Projekt
Sescom announced an investment agreement with its subsidiary SES Hydrogen (92.85% share in the share capital) and NDI Projekt 104, part of the NDI Group, to recapitalize SES Hydrogen Energy with PLN 4 million.
SES Hydrogen Energy, part of Sescom’s hydrogen technology division, develops and commercializes green hydrogen energy projects.
SES Hydrogen Energy’s public offering and regulated market trading are one exit option for investors.
Sescom Capital Group manages and provides HVAC equipment, IT infrastructure, refrigeration, electrical, and building services for network clients. In 2018, the Warsaw Stock Exchange main market listed the company.
Stellantis invests in Symbio for hydrogen transportation
Stellantis will purchase 33.3% of the shares of Symbio, a firm in the zero-emission hydrogen transportation market, under the terms of a legally binding agreement signed by Faurecia, a member of the Forvia group, Michelin, and Stellantis. Each of Faurecia and Michelin will keep 33.3% of the shares. It “is a demonstration of Symbio’s technological excellence in the field of innovations related to hydrogen fuel cells and is a significant step in the decarbonisation of the mobility sector.” The development of Symbio in Europe and the USA will benefit from Stellantis joining the shareholders.
Changwon City certifies airplane tow truck hydrogen charging safety
The first integrated hydrogen charging station in Korea, the Daewon Hydrogen Charging Station in Changwon, Gyeongsangnam-do, confirmed the safety of charging a hydrogen aircraft towing vehicle.
Changwon City performed a hydrogen toincar charging demonstration at the Daewon hydrogen charging station on the 8th. Changwon noted that it signifies the Daewon hydrogen filling station safely filled the hydrogen toincar. Most hydrogen fueling stations nationwide only charge automobiles or buses.
However, at the Daewon hydrogen filling station, the Ministry of Trade, Industry, and Energy has applied a special case for regulatory sandbox (temporary regulatory suspension/exemption) to charge hydrogen for all hydrogen mobility, including trams, construction machinery, and drones.
Former Southern California hydrogen fuel cell switcher goes to Oklahoma Railway Museum
BNSF Railway donated a former Southern California hydrogen fuel cell switcher to the Oklahoma Railway Museum.
The unit was restored by CP in the mid-1980s and used in regular duty until 2006, when it was converted to a “Green Goat,” an early battery-electric switcher. In 2007, BNSF acquired the unit and converted it into a hydrogen fuel cell unit at its locomotive shop in Topeka, Kan., in a public-private cooperation with Vehicle Projects Inc., Ballard Fuel Systems, and the U.S. Department of Defense.
The unit, unveiled on June 29, 2009, was relocated to Pueblo, Colorado, for further testing at the AAR-managed Transportation Technology Center before entering service at BNSF’s Hobart Yard in Los Angeles. In 2014, BNSF retired the unit and donated it to ORM. BNSF plans to demonstrate a mainline hydrogen fuel cell locomotive with Progress Rail and Chevron in 2024. The test unit established the way for future alternative energy technology.
Point Pleasant hydrogen project announcement postponed
West Virginia will manufacture clean hydrogen from natural gas near Point Pleasant and dump greenhouse gas emissions beneath state-owned wildlife preserves. Gov. Jim Justice said Wednesday that the Departments of Economic Development and Commerce have signed a memorandum of understanding with Houston-based Fidelis New Energy for its proposed Mountaineer GigaSystem LLC at Point Pleasant.
Due to the ongoing special session and last-minute paperwork, the governor’s office said today that the announcement will be postponed until next week. The July 6 memorandum of understanding gives Fidelis the opportunity to buy four Point Pleasant properties on over 1,000 acres for a hydrogen production facility, biomass power plant, and carbon capture and sequestration technology. It will cost $2 billion.
Chemical firms, transportation industries, electric utilities, and data centers would receive clean hydrogen electricity from the project. Blue hydrogen will be produced from natural gas. Fidelis would then pump carbon dioxide underground to become a near-zero emissions facility.