H2 Energy Group

It comes as the firm reported FY 2024 revenues of €13.1m ($16.7m) – down 30% on 2023. McPhy attributed the decline primarily to the lack of revenue recognition from the 20MW Djewels green hydrogen plant in the Netherlands, as well as deductions related to compensation for the termination of historical refuelling station contracts. Despite the revenue decline, McPhy saw a 115% increase in orders from 2023, reaching €28.1m ($29.3m). This growth expanded its backlog by 25%, bringing it to €29.8m ($31.1m). However, throughout 2024, McPhy burned through €24m ($25.1m) in cash, reducing its cash position to around €39m ($40.7m) at [...]

The announcement follows GFG Alliance’s decision to delay its offtake commitment, which involved using green hydrogen from the planned adjacent plant to decarbonise its steel operations. Read more: Whyalla hydrogen project future uncertain as GFG Alliance delays offtake commitment The South Australian Premier, Peter Malinauskas, stated there’s “no point in producing hydrogen if there’s not a customer for it,” referencing the steelworks. Malinauskas added, “The first step is to realise what’s meant to happen with GFG. [This means] investing in the steelworks and transitioning to electric arc furnace with direct reduced iron (DRI), and that must happen concurrently with a [...]

In a statement released today (February 20), the company said its founder, Dr. Daniel Teichmann, who had served as CEO since its founding in 2014, would become Executive Chairman of Hydrogenious’ board. Additionally, the previous chief strategy officer, Dr. Andreas Lehamnn, has taken over as CEO and also joined the board, along with Chief Technology Officer Dr. Caspar Paetz, and Chief Commercial Officer Dr. Stefan Buerkle. The shakeup is hoped to “realign” the organisation’s focus on delivering large-scale projects for its liquid organic hydrogen carrier (LOHC) technology, which it slates as a solution to hydrogen transportation issues. AP Ventures, Temasek, [...]

The seed round, led by Cloudberry Pioneer Investments, saw participation from the National University of Singapore (NUS), TK & Partners, and angel investors. The funding will support the development of a 2MW manufacturing facility in India to scale production of its AEM electrolysers, develop a 25kW single-stack system, and begin expanding across India and Southeast Asia. By focusing on decentralised, on-site production for small- to mid-size industries, the start-up says it can eliminate transportation costs, storage risks and emissions, “offering industries a resilient, self-sufficient alternative” to traditional hydrogen sourcing. Hydgen Chairman, Michael Gryseels, said, “Our technology makes hydrogen production local, [...]

The Japanese auto giant is independently developing the 150kW module to replace its current model, which is produced in a joint venture with General Motors (GM). Honda says the new PEM system’s manufacturing costs will be half those of the current model. It will also more than double its durability and increase its volumetric power density by “more than three times.” According to the firm’s specifications, the module will offer a maximum efficiency of 59.8% with a volumetric density of 0.5kW/litre and a total volume of 300 litres. Mass production of the new module is tabled for 2027. The company’s [...]

A statement released by the controversial company said that Nikola, along with certain subsidiaries, “have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court for the District of Delaware.” Nikola previously attempted to raise capital, cut costs and restructure but ultimately failed to overcome financial challenges. The firm was exploring the potential sale of parts or even the entirety of the business, according to reports last month (January). Read more: Nikola explores strategic options amid financial challenges: reports H2 View understands that Nikola has filed motions to maintain limited operations, including supporting existing trucks [...]

The German environmental thinktank, in its Hydrogen Guiderails Report, said sectors where there are effective, alternative decarbonisation solutions should be excluded from hydrogen deployment strategies and public funding. It argues that hydrogen should not be used in building heating, road transport or electricity generation. Its justification for this is the expected 100 million tonnes of hydrogen consumption in 2024, which is predominantly produced with unabated fossil fuels – equating to around 2.5% of global emissions. “Only a symbolic volume of hydrogen, less than 1%, is produced from renewable electricity or with carbon capture and storage (CCS),” the report says. With [...]

A new market study from IMI has revealed that 83% of decision-makers in Europe see transport decarbonisation as feasible without the use of hydrogen, despite ongoing industry interest. Approaching up to 300 decision-makers based in the UK, Germany and Italy, market research agency Censuswide carried out the analysis for IMI’s ‘The Road Ahead’ report. Overall, 83% of respondents said it would be feasible to decarbonise public transport without any use of hydrogen, although some of these answers were specified as “entirely feasible” and “somewhat feasible,” suggesting contradiction in the market. This is a paid article, to read the article in [...]

Hintco, the German Government-funded investment vehicle behind the scheme, said the supply-side auction is organised into five lots – four regional and one global. The regional auctions each have a minimum budget of €484m ($505m), focusing on purchasing hydrogen from North America, South America, Australia, Asia and Africa. These auctions will be “product-open lot,” allowing flexibility in the form of hydrogen supplied, be it pure hydrogen, ammonia or methanol. The global auction will offer a minimum of €567m ($591m) to import hydrogen as the final product from anywhere in the world. Hintco has said suppliers are free to choose preferred [...]

Boomtown, which is set to take place in Hampshire on August 6-10, has said the HYDRO stage will form a key part of the 2025 event. The festival, which expects to attract over 65,000 attendees, has partnered with Hydrologiq to pull off the feat of delivering the clean-powered stage by using the firm’s HydrologiqOS platform. The stage will use hydrogen fuel cell generators to provide its power, with Hydrologiq managing the installation, remotely monitoring fuel levels and organising compliant operations on the ground. Luke Mitchell, the festival’s co-founder and creative director, said he was “unbelievably happy” to launch the stage. [...]