H2 Energy Group

ITM Power Chief Technology Officer (CTO) Dr Simon Bourne bucked industry trends during an analyst call to reveal real-world operating data of the company’s PEM electrolysers. Showcasing statistics from ITM’s 10MW installation at Shell’s Refhyne 1 plant in Germany between May 2024 and March 2025, Bourne said the firm’s Trident stacks operated between 30% and 100% load. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

For FY2025, revenue rose 50% year-on-year to £26m ($35.3m), more than quadrupling over the past two years and falling within upgraded guidance. The company ended the year with a contracted order backlog of £145.1m ($197m), up from £79.7m ($108.5m), with 60% comprising profitable contracts compared to a majority of loss-making legacy projects a year ago. ITM expects the backlog of legacy projects to be reduced throughout 2026 and 2027 to leave only profitable projects. For FY2026, it expects a 50% increase in revenues to £35m–£40m ($47.5m–$54.3m). Despite the revenue increases, losses widened with an adjusted EBITDA deficit of £33m ($44.8m), [...]

Reports value the 30.3% stake in Enze Hydrogen at around $14m, alongside a separate $9.6m acquisition of 70% of Seraph Refire, bolstering Refire’s position in northwestern China’s Ningxia hydrogen hub. The US engine manufacturer Cummins exited its Chinese electrolyser joint venture last month, ending a partnership it launched in 2021 with China Petrochemicals under the name Cummins Enze. Following Cummins’ exit, Enze Fund took a 60.6% majority stake, with Refire holding most of the remainder. Sinopec Capital, a major shareholder in Refire, also holds stakes in Enze Fund. The move is part of the Shanghai-based hydrogen fuel cell firm’s bid [...]

Under a joint development agreement, the pair plans to build green hydrogen and ammonia production facilities in Kandla, Gujarat. L&T acquired land in Kandla last year with plans to set up clean fuel projects. The Japanese trading major intends to offtake the green ammonia output for bunkering applications in Singapore, as it looks to supply the clean fuel to the maritime sector. Itochu has already announced plans to demonstrate ammonia bunkering in Singapore after October 2027 as it eyes commercial operations by 2028. “Kandla, located on the west coast of India, will become the principal production centre of green ammonia [...]

Everllence, Quest One’s shareholder, has confirmed that Meister will retain responsibility for production, quality, and procurement as CEO, a role he has held on an interim basis since February 2025. The PEM electrolyser OEM has also appointed Alexandre Ménage, former department Head at MAN Energy Solutions, to the management board as CTO, bringing expertise in engineering and product development. The arrival of Ménage also comes at a time when the company is investing in new product optimisation, including its 10MW demonstration plant in Augsburg, Germany. The former CTO, Marius Zasche, has taken on a new role at Everllence. Commenting on [...]

Thyssenkrupp Nucera has reported another sharp slowdown in orders, with Q3 intake down 77% year-on-year to €63m ($73.7m), including a 94% drop in green hydrogen orders to €13m ($15.2m). The decline comes as the German electrolyser maker works through its existing backlog, while large-scale final investment decisions remain scarce. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

The funding round was co-led by Catalytic Capital for Climate and Health (C3H), a catalytic investment vehicle by Temasek Trust, and Singapore-based Kibo Invest, which is focused on supporting climate technology. Alongside additional participation from a consortium of global investors, the capital is expected to support the engineering of Equatic’s first 100-kilotonne carbon dioxide removal (CDR) commercial facility in Canada. H2 View understands that the facility will capture 100,000 tonnes of atmospheric CO2 per year, while simultaneously producing green hydrogen through seawater electrolysis. The Canada site will be Equatic’s first commercial-scale plant, complemented by the scale-up of its Singapore demonstration facility. [...]

The UK electrolyser firm inked a supply agreement and a binding long-term services head of terms with the Swiss-headquartered project developer for a 20MW standardised skid-mounted Poseidon electrolyser unit. It will be installed at MorGen’s West Wales Hydrogen Project, on the former Milford Haven refinery site, to supply green hydrogen to nearby industrial clusters, as well as some mobility projects. The project is among the 10 developments to have signed funding agreements with the UK government for revenue support under its first Hydrogen Allocation Round (HAR1). Through HAR1, the project will receive a strike price of around £241/MWh (over £9/kg [...]

Onix Renewable, the fifth winner, will supply 50,000 tonnes of hydrogen-based ammonia per year for 10 years to the Gujarat Narmada Valley Fertilisers & Chemicals plant in Bharuch for ₹52.50/kg (about $597 per tonne). The bid was part of India’s first green ammonia tender under the Sight scheme, Mode-2A, Tranche-I, where SECI is securing supply for 13 fertiliser plants across the country to help the energy transition. The solar power developer’s bid sits near the middle of the price band. Last week, infrastructure firm SCC won a bid to supply Madhya Bharat Agro Products Limited’s site in Dhule with 70,000 tonnes of [...]

Additionally, ABB supplied the superyacht’s main propulsion system, power and energy management system, and marine pilot control, among other key technologies, enabling reliable performance in real-world operations. “This order represents a breakthrough in the integration of marine fuel cells with propulsion systems,” ABB’s Riccardo Repetto said, “[and] Feadship’s breakthrough showcases the potential of hydrogen fuel cells as a feasible alternative to conventional energy sources in shipping.” The 118-metre yacht was launched in May 2024 under the name Project821. The vessel was delivered to its owner in May 2025 and is scheduled to feature at the Monaco Yacht Show in September [...]