H2 Energy Group

Green steel financing is back in the spotlight after Swedish company Stegra announced a new financing round for the construction of its large-scale plant in Boden. In a statement, the firm (formerly H2 Green Steel) said the €975m funding will cover ‘higher project costs and secure a financial buffer’. The round will comprise a mix of equity, debt, outsourcing, and strategic partnerships. A comment was also directed to Brussels, claiming offset state grants ‘were not fulfilled’ despite approval from the EU Commission. Current Board Director Shaun Kingsbury is appointed new Chairman of the Board replacing Harald Mix, as part of [...]

For an undisclosed sum, the clean energy and shipping company has become the sole shareholder of the JV, which its local partner, Ohlthaver & List Group, previously held. Located near the port of Walvis Bay, the project uses solar power to produce green hydrogen via a 5MW electrolyser. Cmb plans to use the hydrogen fuel across truck, rail, and marine operations, including a hydrogen-powered locomotive for Walvis Bay’s rail network and a dual-fuel harbour vessel under construction in the Netherlands, set for deployment in 2026. The Dutch company has also sold its older, fuel-intensive vessels, including several VLCCs and capsize [...]

ERG has indicated that once hydrogen becomes commercially viable, the plant can be transitioned to hydrogen-based production with minimal disruption. Under an agreement with Primetals Technologies and Midrex Technologies, the Luxembourg-based metals and mining firm plans to produce two million tonnes of HBI per year in Rudny, Kostanay region. With commissioning scheduled for 2029, the partners have said the Midrex Flex plant will be “one of the largest” next-generation metallurgy facilities in Central Asia, and the first HBI plant in Kazakhstan. The switch to hydrogen is enabled by the use of Midrex Flex technology, which initially uses natural gas instead [...]

The UK Ammonia Alliance (UKAA) was launched on Tuesday (21 October) by the likes of hydrogen and ammonia tech firm AFC Energy, industrial gas major Air Products, oil and gas transporter Exolum, Japan’s Mitsubishi Heavy Industries, and renewable energy generator Statkraft. As a first step, the group plans to launch a policy paper in Parliament next month with key recommendations to support clean ammonia. AFC Energy’s Chief Technology Officer, Dr Mike Rendall, has been appointed Chair of the group, and said ammonia represented a “major opportunity” for the UK to speed up its energy transition while delivering “industrial growth.” While [...]

The Alpha 50 plant is a skid-mounted, prefabricated electrolyser system designed to minimise construction and civil works. Based on ITM’s PEM Trident stack technology, the system includes the entire balance-of-plant (BOP) and requires only ‘tap water’ and electricity to operate. The UK-based manufacturer said the plant’s “compact footprint” would allow it to be integrated into larger, multi-hundred-megawatt systems. ITM said the €50m “full-scope” price covers the complete plant – including water purification, all electrolyser skids, BOP, and control systems – but excludes site-specific costs such as shipping, installation, and civil works. The stated price of around $1,166/kW places it highly [...]

Air Liquide, Linde, BASF, Honeywell, and CF Industries are among the companies joining the Carbon Measures coalition, which pledges to use “sound science” and the “principles of financial accounting” to help create a better carbon accounting system. They say the proposed “ledger-based” system will be more accurate, eliminate double counting, and help businesses differentiate their products and governments make “informed” policy decisions. Details of the proposed mechanism remain thin. However, the group calls for a standardised, product-level carbon intensity standard for key products like steel, cement, fuel, electricity and chemicals, that would allow companies and regulators to compare products on [...]

The Marram Energy Storage Hub (MESH) will store excess renewable energy, produce low-carbon hydrogen, and generate low-carbon electricity, using salt caverns and gas field reservoirs for storage. With approval from the North Sea Transition Authority (NSTA), EnergyPathways will apply for licenses in an area around four times larger than its previous application. This could indicate the project will be scaled up. If the company’s storage license applications are successful, “MESH would represent a scalable business model and growth platform for EnergyPathways that will have potential to become a key component in the UK,” according to CEO, Ben Clube. The update [...]

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The Swiss-based technology company claims its HyQ PCI880 IGBT rectifier will enable more cost-effective and scalable green hydrogen projects. Built upon ABB’s earlier rectifier models, the modular system reportedly features 98% efficiency in power conversion, a 6,400 A stable DC output per power block, and Bluetooth-enabled monitoring. “The PCI880 empowered engineers and plant operators to scale green hydrogen projects efficiently and safely,” the firm’s statement said. The company added that the technology can be applied to both pilot-scale setups and large industrial electrolyser installations. “The HyQ PCI880 is designed to meet today’s demands and to support the future growth of [...]

Located in Umeå, Sweden, the FlagshipThree project is expected to capture 150,000 tonnes of biogenic CO2 through carbon capture and utilisation (CCU) technology. The permit was granted by the Swedish Land and Environmental Court in Umeå, with construction set to start next year. Liquid Wind and its partner Umeå Energi plan to launch plant operations in 2028. “Our e-fuel project in Umeå is now ready for commercialisation,” stated Claes Fredriksson, Liquid Wind CEO and founder. “With all agreements finalised and the permit secured, we are entering a new phase – one that offers investors a clear path to climate impact [...]