Funding & Regulation
Indian firm inks $5B MoU for decarbonization projects, including hydrogen
India’s renewable energy company ReNew Energy Global has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects, including green hydrogen. Specifically, the MoU, signed at COP28, identifies potential invest
Provaris raises $1.9M for hydrogen prototype tank construction and testing
Provaris Energy has received firm commitments to raise $1.9 million from a share placement to existing and new investors to fund the construction and testing of the hydrogen prototype tank in Norway. According to Provaris, the placement will comprise the issue of 47.5 million new fully paid ordinary
EU institutions agree on internal markets directive for hydrogen
The Council of the European Union (EU) and the Parliament have reached a provisional political agreement on the directive to establish common rules for the internal markets in hydrogen as well as renewable and natural gases. According to the Council, the directive seeks to facilitate the penetration
Neste secures €1.96M investment aid for green hydrogen project at Porvoo refinery
Finnish oil refining and marketing company Neste has been granted an energy investment aid of €1.96 million for heat recovery from the green hydrogen production planned for the Porvoo refinery. According to Neste, the energy investment aid was awarded in November this year by the Ministry of Economi
EC’s Projects of Common Interest list includes hydrogen for the first time
The European Commission (EC) has adopted the first list of Projects of Common Interest (PCI) and Projects of Mutual Interest (PMIs) that is fully in line with the European Green Deal. For the first time, hydrogen and electrolyzer projects are included in the list. The EC adopted the list containing
German and Danish companies pen green hydrogen offtake deal
A number of companies from Germany and Denmark have signed a German-Danish green hydrogen offtake declaration, which was initiated by Dansk Industri (DI), Green Power Denmark and the German-Danish Chamber of Commerce. According to Green Power Denmark, with the declaration, the companies on both side
BASF wins funding approval to build one of Germany’s largest PEM electrolyzers
Germany’s chemical producer BASF has secured the approval of funding from the German Federal Ministry for Economic Affairs and Climate Action (BMWK) and the State of Rhineland-Palatinate to build a proton exchange membrane (PEM) electrolyzer which is expected to produce up to 8,000 metric tons of hy
€800 million in subsidies under EC’s pilot hydrogen bank auction is up for grabs
The European Commission (EC) has launched the first auction under the European Hydrogen Bank to support renewable hydrogen production in Europe, with an initial €800 million of emissions trading revenues available to producers in the European Economic Area (EEA). The auction, which is funded by the
ARENA allocates $1.3 million for renewable hydrogen study in WA
On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) is providing $1.3 million to the energy infrastructure business APA Group and the chemical manufacturing company Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) for the $3.5 million ‘Parmelia Green Hydrogen
Lhyfe secures €14 million grant to build its first hydrogen plant in Spain
French hydrogen producer Lhyfe has been awarded a grant of up to €14 million to develop its first green hydrogen production plant in Spain. The grant was awarded H2 Pioneros, a funding call created in Spain to support initiatives in renewable energy, green hydrogen, and energy storage. Lhyfe’s proje
JERA and Yamanashi Prefecture to build regional hydrogen value chain
Japan’s energy major JERA and Yamanashi Prefecture have agreed to jointly promote building a regional hydrogen value chain that achieves a stable, cost-effective production and supply of both carbon-free power and hydrogen-based fuel by combining their respective strengths, Yamanashi Prefecture’s po
EU earmarks €2.2 billion in hydrogen funding for spring 2024
The President of the European Commission (EC) Ursula von der Leyen has announced new investments into the hydrogen industry, including €2.2 billion worth of funding reserved for the spring of 2024. During a speech at the European Hydrogen Week 2023, via video message, von der Leyen said that the hyd
EverWind Fuels secures $125M federal govt support for Nova Scotia green energy hub
EverWind Fuels, a North American developer of green hydrogen projects, has received development support from Canada’s federal government for the green energy hub being developed in Nova Scotia. On November 17, EverWind said it had reached an agreement in principle with Export Development Canada on t
Countdown begins: Offshore Energy Exhibition & Conference 2023 opens in one week
Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that w