H2 Energy Group

Demand for Cummins’ electrolyser products has “dried up,” with the decline felt most sharply in the US market, Chief Financial Officer (CFO) Mark Smith revealed during the company’s Q3 2025 earnings call. Smith told investors weaker order volumes created a “hole” in projections for the next couple of years, describing the downturn as a surprise. Cummins announced on Thursday (6 November) it had recorded $240m in non-cash charges within its Accelera segment, leading to a “strategic review” of its electrolyser business amid “policy-driven shifts in hydrogen adoption expectations.” This is a paid article, to read the article in full you [...]

In an effort to reassure stakeholders, FPH2 said private-sector hydrogen suppliers and end-users were continuing projects despite federal funds being cancelled. The statement comes after the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) puts its plans to build a clean hydrogen hub in California on ice, following the Department of Energy’s (DOE) termination of funding for the scheme. ARCHES had been set to receive $1.2bn from the Bipartisan Infrastructure Law to support projects aimed at building up clean hydrogen supply and demand. The DOE axed the funding as part of a $7.5bn clean energy rollback, which the administration said [...]

Customer contracts and hopes of onboarding new offtakers are keeping Air Products committed to building its delayed, over-budget net-zero hydrogen energy complex in Alberta, Canada. The Alberta project was announced in 2021 with a price tag of $1.3bn and a 2024 start-up date. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

The 50:50 offshore wind joint venture between Japan’s Jera and BP said the Ostend Hydrogen Refuelling Station will store and dispense green hydrogen produced by Lhyfe in France and Germany. Beginning its demonstration phase this year, the facility will refuel Windcat’s hydrogen-powered crew transfer vessel, the Hydrocat 48, and has the capacity to serve “several vessels daily.” Engineering manufacturing firm Haskel led the construction of the facility, with support through the EU-funded Implementation of Ship Hybridisation (ISHY) programme. “Research and innovation are at the heart of how we approach the full life cycle of offshore wind projects,” explained Kristof Verlinden, Head of Global [...]

The European Commission’s Sustainable Transport Investment Plan (STIP) has pledged over €2.9bn ($3.3bn) to decarbonise aviation and shipping with hydrogen-based and other low-carbon fuels. Part of the EU’s Clean Industrial Deal (CID), the plan is designed to unlock private investment and help both sectors switch from fossil fuels to hydrogen, ammonia, and e-fuels to meet 2035 ReFuelEU Aviation and FuelEU Maritime targets. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

The plant, which is already being constructed at OMV’s Schwechat refinery, is expected to come online in 2027 to replace volumes of grey hydrogen already used at the site. Under the new joint venture, OMV will look to lean on Masdar’s commercial and financial strength in developing and operating clean energy projects. Pending shareholder and regulatory approvals, the joint venture will close in early 2026. It builds off a 2023 heads of terms agreement between the pair to explore using green hydrogen to clean up OMV’s refinery assets. OMV took final investment decision on the project in May, claiming it [...]

While sales in Accelera rose 10% year-on-year to $121m, the division posted an EBITDA loss of $336m. The $240m non-cash charge, equal to $1.73 per diluted share, contributed to a fall in company-wide net income to $536m, down from $809m in 2024. The American engine manufacturer said the Accelera non-cash charges reflected “policy-driven shifts in hydrogen adoption expectations.” It added in its Q3 2025 earnings statement, “Due to the significantly weaker prospects for demand, we are undertaking a strategic review of the electrolyser business.” Chair and CEO Jennifer Rumsey said that while “uncertainty in a number of our end markets persists,” the quarter’s results [...]

Air Products believes it could still proceed with its paused $4.5bn blue hydrogen plant in Louisiana, US, according to its CEO. Speaking during the industrial gas firm’s Q4 results, Eduardo Menezes said although the development would not go ahead without an offtake agreement, there may be a way to make the project bankable. The Louisiana development was announced in 2021 with plans to produce up to 1,700 tonnes of blue hydrogen per day and convert it into ammonia. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

Under the offtake agreement, the Japanese multinational will be supplied with around one million tonnes of green and blue methanol per year from Mexico, which Transition described as “ultra-low carbon.” MGC Chemical Division Director, Masahiko Naito, said the agreement will strengthen the company’s Carbopath initiative, which “drives carbon circularity across multiple industries.” Naito added, “By ensuring a stable supply of ultra-low carbon methanol, we will contribute to reducing greenhouse gas emissions and supporting the transition toward a more sustainable society in Japan and in the broader Asia-Pacific region.” The agreement will become effective upon the project’s final investment decision (FID). [...]

Like its alkaline alternative, the CompassH2-P combines Nel’s stack technology with a Samsung E&A system-level design to produce 30-bar hydrogen. The South Korean EPC firm said the plant design would be optimised for handling renewable energy load fluctuations and could ease project development. The alkaline CompassH2-A was launched in May, claiming to offer the “world’s most efficient” alkaline solution. No details on either plant’s capex or system-level performance have been disclosed. Both systems come after Samsung E&A became Nel’s largest corporate shareholder and EPC partner to sell complete plants based on the Norwegian OEM’s technology. Samsung E&A President and CEO [...]