bp increases stake in 26 GW Australian renewable energy hub
Investment bank Macquarie Group has sold its share in the 26 GW Australian Renewable Energy Hub megaproject proposed for Western Australia’s Pilbara region to oil and gas giant bp.
The Hydrogen Stream: Morocco identifies land for green hydrogen
Morocco has presented its new hydrogen strategy, while Uniper and Phillips 66 have announced plans to launch a green hydrogen project in the United Kingdom.
Decarbonizing aviation attracts venture capital
Since 2016, some $2.4 billion worth of venture capital flowed to companies developing electric aviation and other air travel decarbonization technologies with a strong start in investment volume in 2024, according to Dealroom.co, a Dutch data and intelligence firm.
The Hydrogen Stream: Mitsui tests MAN B&W engine on hydrogen
Mitsui and MAN say they have converted a gas injection engine to hydrogen for the maritime industry, while 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have agreed to develop large liquid hydrogen storage tanks.
The Hydrogen Stream: Egypt unveils hydrogen plans for Suez Canal
Egypt has clinched hydrogen deals with seven international developers, while the European Investment Bank (EIB) has agreed to support commercial production of Germany-based Sunfire’s solid oxide electrolyzers.
Chevron announces solar-to-hydrogen project in California
Oil giant Chevron said it expects its new solar-to-hydrogen project in California to produce about 2.2 tons of hydrogen per day by 2025.
The Hydrogen Stream: FIA bets on liquid hydrogen
Federation Internationale de l’Automobile (FIA) has reaffirmed its commitment to hydrogen car development, PT PLN has started producing green hydrogen in Indonesia, and OMV Petrom has agreed to build 55 MW of green hydrogen production capacity in Romania.
The Hydrogen Stream: First hydrogen coach ready for mass-production
GCK Mobility has secured French government approval for the first homologation of a hydrogen-retrofitted coach for series production, while Forvia and Air Liquide have agreed with FAW Jiefang to equip heavy-duty trucks with liquid hydrogen storage systems in China.
Energy Vault starts building green hydrogen storage project
Energy Vault has begun construction on a 293 MWh green hydrogen and battery storage facility within utility Pacific Gas & Electric’s service territory in northern California.
The Hydrogen Stream: Luxury regions invest in marine hydrogen services
SBM Offshore has installed a floating facility in Monaco to produce green hydrogen from renewables, while Axpo and its partners have revealed plans to use hydrogen to power a passenger vessel in Switzerland.
