H2 Energy Group

The approved schemes, under the European Hydrogen Bank’s auction, will support electrolyser companies to produce up to 112,000 tonnes of renewable hydrogen in Austria and 13,000 tonnes in Lithuania. The schemes will contribute to the objectives of the recent Clean Industrial Deal to accelerate the decarbonisation of EU industry while strengthening competitiveness, of the REPowerEU Plan to reduce dependence on Russian fossil fuels and be greener, as well as the EU Hydrogen Strategy. The moves will help both countries achieve their national hydrogen objectives, as well as supporting targets for the share of renewable fuels of non-biological origin (RFNBOs) consumed in transport and in industry that [...]

The company revealed on Sunday (March 9) that it would file for in-court restructuring on Monday (March 10) to assess survival options, including asset sales. Green Hydrogen Systems has struggled to stay afloat since last October, when it launched a drastic restructuring plan to slash costs by up to 50%. The company warned that it could exhaust its cash reserves by H1 2025, estimating restructuring costs at up to DKK 230m ($33.5m) and planning a rights issue of DKK 300m ($43.7m). Company Chairman, Thomas Broe-Andersen, said that while the company had been executing the restructuring plan, “it has not been [...]

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Located at BOC Australia’s Lutana site, the facility features an electrolyser attached to a microgrid system capable of recreating the inputs from renewable energy and mirror loads from the industry to stimulate real-life applications. Optimal Group delivered a 700kW PEM electrolyser and it was installed and commissioned by the company in collaboration with BOC and Pitt & Sherry. Blue Economy has stated that the site’s daily capacity is sufficient to power two 22-metre hydrogen fuel cell-powered passenger ferries. The company aims to produce commercial-scale hydrogen for industrial and transport applications. Nick Duigan, the Australian Minister for Energy and Renewables, said the electrolyser [...]

Electrolyser supply is set to grow 20-60% by 2030, but demand uncertainty and project cancellations could create an oversupply, a H2 View webinar has heard. Jonathan Long, Senior Consultant at ERM, warned that the hydrogen industry could face an oversupply of electrolyser capacity based on the 2022 baseline. However, he advised that competitive pricing could stimulate additional uptake. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

Electrolyser supply is set to grow 20-60% by 2030, but demand uncertainty and project cancellations could create an oversupply, a H2 View webinar has heard. Jonathan Long, Senior Consultant at ERM, warned that the hydrogen industry could face an oversupply of electrolyser capacity based on the 2022 baseline. However, he advised that competitive pricing could stimulate additional uptake. This is a paid article, to read the article in full you can sign in if you are subscribed or subscribe today.

Under a Memorandum of Understanding (MOU), Rely will support Verso’s global e-fuels projects, with four in France, two in Finland and one in the US, representing more than 500,000 tonnes of e-SAF per year. Rely will perform basic engineering, pre-front end engineering and design (FEED) and FEED studies for each of the plants. The two companies aim to develop a standardised methanol-to-jet production platform to lower costs through innovation, standardisation, and replication. The platform will integrate Rely’s in-house technologies and partner solutions, including Shell CANSOLV, Technip Energies’ exclusive amine-based post-combustion carbon capture technology. “This collaboration with Rely is a key [...]

While gross profit was fractionally up in 2024 (DKK3.58bn ($498.1m), compared with DKK3.56bn ($495.3m) in 2023), revenues fell from DKK9.41bn ($1.309bn) to DKK8.37bn ($1.2bn), mainly down to catalyst business sales, and cashflow from operating activities dropped to DKK966m ($134.3m). Around a quarter of revenue (23%) came from businesses related to technologies and solutions that enable the production of low-carbon, renewable fuels and e-fuels. Energy consumption decreased from 359,172MWh to 338,335 MWh. Roeland Baan, CEO of Topsoe, said 2024 was a “solid year” with its catalyst and technology businesses continuing to support customer projects worldwide. He said the company is well [...]

Representing 6.3GW of proposed electrolyser capacity, the projects aim to produce over 7.3 million tonnes of renewable hydrogen over 10 years, which would cover 7% of the EU’s REPowerEU ambition. Under the auction framework, projects will have two and a half years to reach financial close, five years to begin hydrogen production, and up to 10 years of subsidies, contingent on verified production. In particular, €200m has been specifically allocated for green hydrogen and its derivatives intended for use in the maritime sector, which resulted in eight maritime-related projects submitting bids. This auction has a ceiling price of €4/kg ($4.21/kg) for green hydrogen. Whereas in the first auction, the [...]

As part of its Wind Hunter Project, the Japanese firm delivered hydrogen to the central breakwater area of Tokyo. The green hydrogen was produced onboard the Winz Maru vessel and converted to the liquid organic hydrogen carrier methylcyclohexane (MCH) to facilitate safer and efficient handling and transportation. The demonstration yacht was modified with MCH tanks and additional turbine generators to enhance the production capacity. The vessel is a wind-powered ship that navigates using sails and generates electricity through underwater turbines, producing hydrogen from seawater. Unlike traditional ships designed solely for transport, it integrates production, storage, and delivery of hydrogen energy. © [...]