Funding & Regulation
Danish Energy Agency makes new decision on PtX tender winners as one company fails to meet contractual obligations
The Danish Energy Agency (DEA) has made a new decision regarding the winners of Denmark’s first Power-to-X (PtX) tender as it turned out that one of the winners, namely Plug Power Idomlund Denmark, can not meet the condition of providing a bank guarantee, meaning the company is no longer the winner
European ministers urged to streamline renewable hydrogen financing
In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank. According to the CEOs, the cri
Westwood: Netherlands & Belgium could lead hydrogen imports in NW Europe
The latest research by Westwood Global Energy Group, a market research and consultancy firm, has revealed an optimistic outlook for Northwest Europe (NWE) hydrogen imports, led by targets set by the Netherlands and Belgium. According to Westwood, the two countries have a collective potential to prov
TKI Offshore Energy launches open innovation call for offshore hydrogen
TKI Offshore Energy, a part of Energy Innovation NL, has launched an open call with a total budget of €400,000 for innovation projects in the field of offshore hydrogen. As explained, the purpose of the open innovation call is to promote offshore hydrogen production and support companies and researc
Chevron, Trafigura, and Crowley invest $8.75 million in US hydrogen tech company
Hydrogen technology company Zero Emission Industries (ZEI) has completed a $8.75 million Series A financing round led by Chevron New Energies, with participation from Trafigura and Crowley, to fund the rollout of its next-generation fully integrated marine power system. Formerly known as Golden Gate
Germany aims to set up hydrogen core network by 2032
In a bid to have a country-wide efficient hydrogen infrastructure network by 2032, Germany’s federal cabinet has passed a draft law that provides regulations for financing the core network. At the same time, transmission system operators (TSOs) have submitted the draft application for the hydrogen c
The Netherlands and Germany bolster hydrogen ties
Germany and the Netherlands have signed joint declarations of intent to strengthen their cooperation in the field of hydrogen infrastructure and import and establish a cross-border hydrogen ecosystem. The declarations of intent were signed in Duisburg as part of the Dutch King Willem-Alexander’s wor
South Korea to launch clean hydrogen certification system
South Korean Ministry of Trade, Industry and Energy (MOTIE) has announced that the proposal for an amendment to the ‘Hydrogen Economy Promotion and Hydrogen Safety Management Act’ has passed the 47th Cabinet meeting’s deliberation and resolution process, enabling the government to move forward with
Gasunie to use green method of financing for energy transition projects
Dutch energy company Gasunie has issued its first green bond, a loan for €300 million with a maturity of 9.5 years, intending to use the proceeds to finance part of its energy transition projects, such as the construction of the national hydrogen grid in the Netherlands. Gasunie revealed the company
In focus: Major renewable energy, clean fuel updates from the Nordic region
Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by
TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications
Norway’s cleantech company TECO 2030 and Japan’s electrical engineering and software company Yokogawa Electric Corporation have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under the agre
HCC announces H2/NH3 supply chain from Canada to South Korea
Hydrogen Canada Corporation (HCC) has closed its C$10 million seed round financing and signed a letter of commitment on an offtake agreement with South Korea-based E1 Corporation (E1), to develop a low-carbon hydrogen/ammonia supply chain from Western Canada to South Korea and other Asian markets. I
EU & Namibia boost collaboration on sustainable raw materials and H2
European Commission (EC) President Ursula von der Leyen and President of Namibia Hage Geingob have endorsed the roadmap for the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen, supported by €1 billion in investments by the EU, its member states and E
Fortescue to acquire 12.5% ownership interest in Norwegian Hydrogen
Fortescue, a global green energy, metals and technology company, has invested close to NOK 100 million ($8.9 million) to become a shareholder in Norwegian Hydrogen. The investment will see Fortescue acquire a 12.5% ownership interest in Norwegian Hydrogen, becoming the third largest shareholder. For