The firm now expects to incur costs of DKK 215m ($29.6m) to 230m ($31.7m) after originally estimating DKK 100 ($13.8m) to 150m ($20.7m). As a result, GHS has adjusted its FY2024 guidance to DKK -485m (-$66.9m) to -500m (-$69m) increasing from DKK -300m (-$41.4m) to -400m (-$55.2m). Excluding the restructuring costs, it said EBITDA would [...]

The additional financing will help H2SITE meet its next industrialisation and commercialisation milestones, including multi-tonnes per day hydrogen production capacity in operation by 2026 and addressing ammonia cracking and natural hydrogen markets. The Bilbao-based firm has been developing membrane reactor technology since 2021, which enables hydrogen separation from gas streams and green molecules, such as [...]

The Department of Transport (DOT) and the Federal Highway Administration (FHWA) granted the funding to the Port of Houston Authority, as part of a collaboration with Linde and other players. The Bayport HRS project plans to offer high fuelling throughout with “convenient and publicly accessible fuelling options.” Linde will be responsible for the station’s design, [...]

The refuelling station, which will open this spring (2025), will offer green hydrogen at 350 and 700 bar pressure levels to service light and heavy-duty vehicles, buses, and passenger cars. The Bavarian State Ministry for Economic Affairs, Regional Development, and Energy announced it would support MorGen’s development at the Cleantech Innovation Park, which is strategically [...]

The loan guarantee from the DOE’s Loan Programs Office (LPO), initially announced in May, will be welcome news for Plug Power. It could enhance the company’s access to capital by reducing financing risks, as the government will act as a guarantor for a substantial portion of the debt associated with these projects. The firm says [...]

CARB withdrew the waiver request for the Advanced Clean Fleet (ACF) rule on January 13, which would have seen the phase-out of new diesel-powered semi-trucks and buses by 2036. Additionally, CARB proposed to ban the use of locomotive engines older than 23 years by 2030 to decarbonise the freight rail system and introduce new zero-emission [...]

While the tone was largely equable for the first hour and 11 minutes, the mood changed when Senator Alex Padilla from California began questioning the CEO of Liberty Energy. He put Wright on the spot about social media comments relating to climate change as ‘hype’, at a time when Los Angeles struggles to come to terms [...]

The government today (January 16) opened a 12-week consultation for the Gas Shipper Obligation (GSO) that would be used to fund its so-called hydrogen levy. As passed in October 2023, “gas shippers” – which are defined as a company that buys gas from producers, trades gas on wholesale markets and sells it to gas suppliers [...]

Through HSBC Equipment Finance, Hygen will receive backing in the form of asset finance lent to advance its facility at the Tyseley Energy Park (TEP) and develop additional sites across the UK. From its refuelling unit at the Tyseley site, Hygen supplies hydrogen to major customers such as National Express and JCB for their decarbonisation [...]

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