Latest in investment
Japan's Oil Titan Invests $200 Million in Queensland's Green Hydrogen Future
Brisbane, Wednesday, 4 December 2024.
ENEOS, Japan’s largest oil company, is investing $200 million in a green hydrogen plant near Brisbane, creating over 100 jobs. This project supports Queensland’s energy goals and Japan’s carbon neutrality by 2050.
Pink Power: Nel's Nuclear Hydrogen Breakthrough with Samsung
Oslo, Tuesday, 3 December 2024.
In a groundbreaking EUR 5 million deal announced today, Nel ASA and Samsung C&T are pioneering Korea’s first nuclear-powered hydrogen plant. This 10 MW project marks a significant shift in clean energy production, transforming excess nuclear power into sustainable hydrogen. As the second collaboration between these industry giants in 2024, this partnership showcases how traditional nuclear power is evolving to meet tomorrow’s energy needs.
UAE's Green Revolution Meets Philippine Dreams: A $1B Hydrogen Energy Partnership
Manila, Monday, 2 December 2024.
I’m excited about this groundbreaking energy partnership signed on 1 December 2024. The UAE and Philippines are joining forces to revolutionise the Southeast Asian energy landscape, targeting an ambitious 50% renewable energy mix by 2040. What’s particularly fascinating is the Philippines’ natural advantage - its abundant Precambrian crystalline shields make it a perfect candidate for native hydrogen production. This collaboration isn’t just about energy; it’s about creating jobs, transferring technology, and building a sustainable future. The implementation agreement is expected as soon as January 2025, marking a swift transition from planning to action. As someone who follows energy innovations, I find it remarkable how this partnership could transform the Philippines into a hydrogen energy hub while supporting their bold vision of 50% electric vehicle adoption by 2040.
Britain's Green Hydrogen Revolution: 10GW Power Play by 2050
London, Monday, 2 December 2024.
I’m excited to share how Britain is transforming its energy landscape. A groundbreaking study reveals plans for strategic green hydrogen hubs that could deliver 10GW of clean energy capacity by 2050. This isn’t just about power - it’s about reshaping our industrial future, from synthetic fuels to flexible energy delivery. The best part? These hubs can be placed almost anywhere, making this a truly nationwide opportunity for energy independence.
Germany's €24bn Green Revolution: Building Tomorrow's Hydrogen Highway
Berlin, Friday, 29 November 2024.
In a groundbreaking move for Europe’s energy future, Germany’s KfW bank has approved €24bn to create a 9,040km hydrogen network by 2032. This massive infrastructure project will transform existing gas pipelines into green energy corridors, potentially revolutionising how Europe powers its industries. Despite recent setbacks in the hydrogen sector, this bold investment signals Germany’s commitment to leading the continent’s energy transition.
Green Hydrogen Giant HH2E Seeks New Investment Partners: A €45M Project at Crossroads
N/A, Friday, 29 November 2024.
In a strategic move to secure Europe’s green hydrogen future, HH2E AG, one of the continent’s largest hydrogen producers, is seeking investors through Ernst & Young. With a flagship site ready for final investment and €45M in secured contracts, this restructuring could transform temporary setbacks into groundbreaking opportunities by January 2025. The company’s innovative approach to locating projects near renewable energy sources positions it uniquely in Germany’s emerging hydrogen economy.
Toyota Ventures Backs Revolutionary Green Hydrogen: Ecolectro's $10.5M Breakthrough
Palo Alto, Friday, 29 November 2024.
In a game-changing move for clean energy, Ecolectro’s innovative hydrogen technology eliminates expensive rare materials and toxic PFAS, promising to slash production costs to under $2.50/kg - well below US government targets. Their pilot program is already successfully heating commercial buildings in New York, with major expansion planned for 2025.
Qatar's Game-Changing Blue Hydrogen Plant: World's Largest Clean Ammonia Facility Takes Shape
Doha, Thursday, 28 November 2024.
In a bold $1.2bn venture, Qatar is revolutionising clean energy with a groundbreaking blue ammonia facility. Set to produce 1.2 million tonnes annually from 2026, this world’s largest plant will capture 1.5 million tonnes of CO2 yearly while powered by solar energy, marking a significant leap in sustainable industrial production.
Green Dreams Fade: Aluminium Giant Abandons Hydrogen Future
Oslo, Thursday, 28 November 2024.
In a stunning reversal, Norsk Hydro, which achieved the world’s first green hydrogen-powered aluminium production in 2023, abandons its hydrogen ventures amid market pressures. This strategic U-turn signals deeper troubles in Europe’s green transition, as the company redirects £585 million towards traditional aluminium recycling.