H2 Energy Group

McPhy announced today (April 7) that Jean-Baptiste Lucas had resigned from the role for “personal reasons.” He will hold onto the position until a successor is found – no later than July 31, 2025. Chairman, Luc Poyer said, “The board would like to acknowledge the involvement, rigour and courage that Jean-Baptiste Lucas has shown in a complex environment.” The resignation comes just days after McPhy said it had just enough “financial flexibility” to continue business until the end of H1 2025 – amid write-downs and project funding delays. “This situation creates material uncertainty as to going concern,” the company warned, [...]

Industry experts have pointed to rigid funding structures, long-term offtake expectations and investor risk aversion as major barriers to clean hydrogen project FID, calling instead for more flexible, dynamic approaches to project financing at H2 View’s latest webinar. Just 7% of clean hydrogen projects had reached FID by 2023, according to the Hydrogen Council – a rate far too low to meet climate goals. And when asked, many developers point to offtake agreements and buyer hesitancy as key challenges. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe [...]

The Institute for the Diversification and Saving of Energy (IDAE) today (April 4) published the seven projects that would be funded by its H2 Valleys programme, which aims to bolster domestic production and use. Madrid-headquartered solar firm RIC Energy secured €81.4m ($89.8m) for its 220MW Compostilla Green, SAF and hydrogen plant in Castilla y León, where it plans to produce green hydrogen which will be combined with CO2 captured from biomass operations to produce sustainable aviation fuels (SAF). Naturgy and Enagás Renovable were granted €179.99m ($198.6m) for their 415.2MW Leon Green Hydrogen Valley which could supply hydrogen to Fertiberia. HyBerus [...]

In a letter dated April 2, 2025, the senators, led by Martin Heinrich and Patty Murray, expressed alarm at reports that the Department of Energy (DOE) is formulating a “hit list” of clean energy projects for cancellation. Politico reporting last month suggested that only hydrogen hub projects in Democratic-leaning states appeared on the list. These projects previously secured funding through Biden-era legislation like the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). A total of seven regional hydrogen hubs were earmarked for $7bn in federal funding under BIL – with four hosting developments in blue states. The reports emerged [...]

2025 webinar programme gasworld.TV is our exclusive platform for webinars and digital events, our webinars showcase the industries hot topics and key trends in the industrial gas sector, bringing discussion, insights, and debate directly to your workspace across the world. The 2025 webinar programme is now up, so get in touch and get involved today. To view the whole programme, visit https://gasworld.tv/2025-webinar-programme/. If you’re interested in speaking on one of our upcoming webinars contact tom.dee@gasworld.com .

Speaking at the plenary session of the first EU-Central Asia Summit, she said, “This region aims to be a clean energy hub: wind in Kazakhstan, solar in Uzbekistan and Turkmenistan, hydro in Tajikistan and Kyrgyzstan. And geothermal across the region. You could produce enough clean energy for your economy and for export. You could turn part of this energy into clean hydrogen.” The announced €12bn Global Gateway Investment Package will kickstart a new pipeline of projects for Central Asia, while a new Investors Forum will take place in Uzbekistan this year to move things forward. The region is also well [...]

The company claims its technology can tackle high costs, inefficient production and complex distribution logistics. Based on PEM electrolysis, Fourier’s system integrates water deionisation and is managed by “advanced algorithms” to boost performance by monitoring and predicting production to minimise system downtime. Furthermore, the design can be scaled for any required capacity for “on-site, on-demand” hydrogen production, which the company says will reduce upfront costs and simplify deployments. The firm says early pilots are displaying “exceptional” results in industries like chemicals, pharmaceuticals, metals and ceramics. And now, backed by the series A funding raise led by General Catalyst and Paramark [...]

The Japanese engineering firm will provide six M501JAC gas turbines, generators, and auxiliary equipment for the Rumah-1 and Al-Nairyah-1 independent power plant (IPP) projects in Saudi Arabia. Mitsubishi’s turbine products will reportedly deliver a combined 3.6GW, which accounts for nearly 2.5% of the national grid’s capacity. In an email sent to H2 View, a Mitsubishi representative confirmed, “The potential of J-Class gas turbines to co-fire hydrogen will help Saudi Arabia move closer to adding 20GW of renewable power capacity annually, targeting a total of 130GW by 2030, according to Global Data.” However, it remains unclear whether there are firm plans [...]

According to the Financial Times, a senior BP official claimed the segment was no longer commercially viable, adding that low-carbon mobility projects require a lot of investment and have been progressing slowly. The decision was announced in an email sent to staff, confirming that BP will be “phasing down and closing” the low-carbon mobility team in its customers & product segment. Nine employees will potentially lose their jobs, according to reports. In an email sent to H2 View, BP said, “This is a small, standalone business development team looking at the potential in areas such as hydrogen and LNG for transport, [...]

US hydrogen stocks are down as markets react to President Donald Trump’s worldwide trade tariffs. Stocks across all industries are down at opening as firms face increased costs of sourcing overseas components. Household names like Apple, Amazon and Lululemon have seen slumps of 9%, 7% and 10% respectively. However, share prices in companies involved in the clean hydrogen sector have also seen dives. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.