In an online statement, the parent company wrote, “In a challenging market environment for green hydrogen and with the aim of limiting the financing needs of its subsidiary Elogen, GTT announces that it is undertaking a strategic review of the latter’s activities. “This strategic review will lead the Group to explore all possible options regarding [...]

The Dutch company, based in Assen, is expected to use the venture debt facility to boost the R&D of its refuelling technology and to support its goal of producing 1,000 hydrogen refuelling stations by 2030. Furthermore, the expansion in the northern Netherlands could increase its workforce from 170 to up to 1,000 by the end [...]

The longstanding hydrogen technology company said order intake in 2023 and 2024 “fell short of expectation” with several customer projects delayed or “at risk of being cancelled.” Furthermore, Nel said that a customer has failed to pay for delivered equipment, with payment now being more than a year overdue, and is undertaking a process to [...]

With a Final Investment Decision (FID) expected this year, the latest milestone represents the “first” announced the completion of FEED for a large-scale clean ammonia facility in the US. Larsen & Toubro (L&T) led the overall FEED effort for the 800,000 tonnes per year facility, whilst EXCEL led the constructability effort, leveraging their experience in [...]

A new academic paper has stressed that green hydrogen’s use will be much narrower than envisaged unless low-cost storage and distribution technologies can be achieved. The paper by Havard scientists said the current delivered prices of green hydrogen make it a “prohibitively expensive” option for carbon abatement across end-use sectors This is a paid article, [...]

The extra funding came as part of the Qualifying Advanced Energy Project Tax Credit (48C) programme, which is funded by the Inflation Reduction Act (IRA) and managed by the US Department of Energy, Department of Treasury and the Internal Revenue Service. Nel has yet to make a final investment decision (FID) on its 4GW factory, [...]

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The hydrogen company said delays in the HyCC Djewels green hydrogen plant in the Netherlands, which it said, “has not been taken into account for 2024, as the parties are currently pursuing their discussions.” Previously expected to start construction in 2024, McPhy along with Technip Energies, was contracted to supply, design and construct a 20MW [...]

As the hydrogen application funnel has narrowed, mobility advocates have been coining heavy-duty trucks as the frontier that will reap the benefits of hydrogen. Despite 2024 proving to be a year of hampered ambitions across various end-uses, truck firms appeared to make clear strides in deploying heavy-duty hydrogen-powered vehicles. The phoenix out of the ashes [...]

Under a Letter of Intent, the aircraft developer, based in the Isle of Wight, will deliver the first twin-engine plane in 2027. “We are fully committed to the Britten-Norman Islander,” claimed Florian Kruse, CEO at Evia Aero, “The aircraft fulfils all the skills we need as an operator for short-haul flights. “It is important to [...]