U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi
Sungrow, a global inverter and energy storage system solution supplier, has signed a contract with Indian Larsen & Toubro (L&T) to supply inverter skid solutions for a 2.2 GWac PV plant for the NEOM green hydrogen project in Saudi Arabia. NEOM Green Hydrogen Company (NGHC), a joint venture created b
Japanese shipping company Mitsui O.S.K. Lines (MOL) is advancing its Wind Hunter project with the initiative to develop a pure water production system for hydrogen generation. MOL’s Wind Hunter project aims to harness offshore wind energy to produce hydrogen from water onboard and convert it into pr
Japan’s Yanmar Power Technology (YPT), a subsidiary of Yanmar Holdings, has commercialized a maritime hydrogen fuel cell system towards the decarbonization of the maritime industry. The company said it plans to propose the installation of the system into various ships, including passenger ships, wor
The European Commission (EC) has approved a €246 million Dutch scheme to support the production of renewable hydrogen and the construction of at least 60 MW electrolysis capacity. The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen S
Australian Provaris Energy has informed that it continues to make progress on its Tiwi H2 green hydrogen export project on the Tiwi Islands, Northern Australia through its early works program initiated in late 2022 that covers detailed engineering, permitting and land and project agreements. It stat
At the 2023 World Sailing Championships in The Hague, Netherlands, Dutch sailing organization Watersportverbond will introduce its first-ever emission-free, hydrogen-powered coach boat, the H2C Boat. According to German electric drive system provider Torqeedo, the boat, equipped with its Deep Blue e
The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity
The North Adriatic Hydrogen Valley (NAHV) project, a transnational project by Slovenia, Croatia and the Italian Region of Friuli Venezia Giulia, has received the official green light for its implementation as of 1 September 2023. Last week, Holding Slovenske Elektrarne (HSE), the leading partner in
Germany has decided to update the National Hydrogen Strategy with the increased level of ambition in climate protection and the new challenges in the energy market. The Federal Cabinet made the decision on 26 July preceded by a political agreement of all departments, including the five core departme
Andorra-based marine battery maker AYK Energy has opened a new 5000 sqm factory in Zhuhai, China, to boost the company’s production capacity. According to AYK Energy Founder Chris Kruger, the factory will ramp up the capacity, using a new automated manufacturing system, to 300 MWH a year, with the a
French company GTT has obtained Approval in Principle (AiP) from Japanese classification society ClassNK for a new concept of membrane type containment system for liquid hydrogen (LH2). As explained, GTT’s scalable containment system can be adapted to any size of LH2 carrier without major design mod
The Hydrogen Utility (H2U), an Australia-based developer of green hydrogen infrastructure, and Vopak Terminals Australia, a wholly-owned subsidiary of tank storage company Royal Vopak, have started a collaboration in relation to H2U’s H2-Hub project, a multi-billion renewable energy complex producin
