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THE HYDROGEN FUEL OF THE FUTURE

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Worley Secures Contract for Europe’s Largest Renewable Hydrogen Project in Rotterdam
Energy news

Worley Secures Contract for Europe’s Largest Renewable Hydrogen Project in Rotterdam

March 11, 2024 Greenh2 team

Worley has been awarded a significant contract by Shell to provide project services for Europe’s largest renewable hydrogen project, located in the Port of Rotterdam,

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Statkraft and Karlshamn Collaborate to Secure Sustainable Electricity Supply with Innovative Electrofuel Facility
Energy news

Statkraft and Karlshamn Collaborate to Secure Sustainable Electricity Supply with Innovative Electrofuel Facility

March 11, 2024 Greenh2 team

Statkraft has agreed with the municipality of Karlshamn to acquire industrial land for the establishment of a facility for the production and storage of e-fuels.

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Exolum Pioneers Groundbreaking Hydrogen Transport and Storage Project Using Existing Oil Infrastructure
Energy news

Exolum Pioneers Groundbreaking Hydrogen Transport and Storage Project Using Existing Oil Infrastructure

March 9, 2024 Greenh2 team

Exolum is embarking on a pioneering demonstration project at its Immingham terminal in the UK to showcase the bulk transport and storage of hydrogen using

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Sunfire, a leading German electrolyzer manufacturer, has successfully secured a substantial financial package, marking a pivotal moment in the company's journey and the hydrogen economy at large. The company announced a significant Series E equity financing round, raising EUR 215 million, supplemented by a strategic term loan of up to EUR 100 million from the European Investment Bank (EIB). Additionally, Sunfire has access to around EUR 200 million from previously approved, yet unutilized, grant funding, positioning it as one of the most well-funded players in the electrolyzer industry. This latest investment round welcomed several prestigious new investors, including LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, with the transaction set to finalize in the second quarter of 2024, pending standard regulatory approvals. Sunfire-CEO Nils Aldag expressed enthusiasm about the influx of support, emphasizing its importance for Europe's hydrogen production leadership and the clean-tech sector. The capital injection will significantly enhance Sunfire's capacity to deliver industrial-scale electrolyzers, meeting the surging demand for electrolysis technology essential for green hydrogen production. The commitment from new and existing shareholders, such as Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital, underscores the industry's confidence in Sunfire's vision and technological prowess. Further strengthening its financial foundation, Sunfire has secured a notable credit facility from the EIB, reinforcing the company's strategy of financial diversification and signaling its capability to thrive in the venture debt market. This support from the EIB, alongside robust investor backing, empowers Sunfire to scale up production of next-generation electrolyzers, contributing to Europe's industrial future-proofing efforts. Sunfire's advanced electrolysis technologies, including pressurized alkaline and high-temperature solid oxide systems, are instrumental in the transition to renewable energy, enabling efficient and scalable green hydrogen production. The company aims to deploy several gigawatts of electrolysis capacity by 2030, targeting large-scale green hydrogen projects and cementing its leading position in the global market. Nicola Beer from the EIB and investors from Lightrock and Planet First Partners praised Sunfire's technological innovation and its pivotal role in shaping the hydrogen economy, highlighting the company's potential to decarbonize energy-intensive industries and contribute to a sustainable energy future.
Energy news

Sunfire Secures Major Financing to Boost Hydrogen Economy with Over EUR 500 Million in Funding

March 9, 2024 Greenh2 team

Sunfire, a leading German electrolyzer manufacturer, has successfully secured a substantial financial package, marking a pivotal moment in the company’s journey and the hydrogen economy

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Swedish Scientists Pioneer Safe and Efficient Hydrogen Production Method
Energy news Trends

Swedish Scientists Pioneer Safe and Efficient Hydrogen Production Method

March 8, 2024 Greenh2 team

Swedish researchers at the KTH Royal Institute of Technology in Stockholm have developed an innovative method for producing hydrogen energy that enhances efficiency and safety

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MITSUI E&S and MAN Energy Solutions Achieve Maritime Milestone with Hydrogen-Powered Engine Test
Energy news

MITSUI E&S and MAN Energy Solutions Achieve Maritime Milestone with Hydrogen-Powered Engine Test

March 8, 2024 Greenh2 team

In a pioneering step for the maritime industry, MAN Energy Solutions’ licensee, MITSUI E&S Co. Ltd., has successfully conducted a full-load test on a 50-bore

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Universal Hydrogen Achieves Breakthrough with Megawatt-Class Fuel Cell Powertrain Test
Energy news Transportation

Universal Hydrogen Achieves Breakthrough with Megawatt-Class Fuel Cell Powertrain Test

March 7, 2024 Greenh2 team

Universal Hydrogen Co. has made a significant leap forward in aviation technology by successfully operating a megawatt-class fuel cell powertrain, powered by its innovative liquid

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Chevron New Energies, a division of Chevron U.S.A. Inc., is spearheading a pioneering project to generate hydrogen in California's Central Valley with a capacity of 5 megawatts. This innovative venture aims to harness solar energy, alongside utilizing the land and non-potable water from Chevron’s Lost Hills Oil Field in Kern County, to produce hydrogen with low carbon intensity through the process of electrolysis. By splitting water into hydrogen and oxygen using electricity, the project endeavors to supply lower carbon energy solutions, contributing to a greener future. Austin Knight, Chevron New Energies' Vice President for Hydrogen, emphasized the critical role of hydrogen in achieving a more sustainable world. Chevron, already a provider of eco-friendly fuels such as sustainable aviation fuel and renewable diesel, plans to extend its portfolio through this initiative, which is poised to generate two tons of hydrogen daily. This output is expected to support the growth of hydrogen refueling infrastructure, promoting broader adoption across California. Knight highlighted the potential scalability of this green solution, acknowledging that its success and expansion to meet increasing hydrogen demand are contingent upon supportive energy policies at both state and federal levels. The multi-year development process will hinge on favorable legislation and regulations, thorough engineering designs, efficient permitting, and the availability of necessary materials. Richard Chapman, President and CEO of the Kern Economic Development Corporation, praised the project's potential to create vital technical and commercial benchmarks for Chevron New Energies as it explores options for scaling up and pursuing additional low carbon intensity hydrogen production ventures. Positioned strategically in the Central Valley, the initiative is ideally located to cater to the demands of both significant transport routes and key urban centers in California.
Energy news

Chevron Launches Solar-Powered Hydrogen Production Initiative in California

March 6, 2024March 6, 2024 Greenh2 team

Chevron New Energies, a division of Chevron U.S.A. Inc., is spearheading a pioneering project to generate hydrogen in California’s Central Valley with a capacity of

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Energy news Trends

Ballard Power Systems Secures Major Fuel Cell Order for UK Renewable Power Projects

March 5, 2024 Greenh2 team

Ballard Power Systems has secured a significant order for 15 megawatts (MW) of its fuel cell systems from a UK company specializing in renewable power

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Representatives from Ørsted, Liquid Wind, Lhyfe, Uniper, and the Bill Gates-founded climate fund Breakthrough Energy advocate for Sweden to initiate a new green industrial era by leveraging green hydrogen and electro-fuels. These sustainable solutions not only offer significant reductions in climate emissions but also promise new industrial investments that can create jobs and strengthen the Swedish economy.
Energy news

A Call for Action: Unleashing Sweden’s Potential in Green Hydrogen and Electro-Fuels

March 5, 2024March 5, 2024 Greenh2 team

Representatives from Ørsted, Liquid Wind, Lhyfe, Uniper, and the Bill Gates-founded climate fund Breakthrough Energy advocate for Sweden to initiate a new green industrial era

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Recent Posts

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  • Air Liquide and H2 MOBILITY Partner to Deliver Certified Renewable Hydrogen for Refuelling Network in Germany’s Rhine-Ruhr Region
  • Lhyfe Delivers France’s First RFNBO-Certified Green Hydrogen, Setting a New Benchmark for Renewable Fuel Standards
  • Linköping University Researchers Develop Breakthrough Three-Layer Material for Efficient Green Hydrogen Production
  • TES and CPC Finland Launch LUOTO ENERGIA to Develop Finland’s Largest Green e-NG Project

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