In Canada, Ayrton Energy, a developer of liquid organic hydrogen carrier (LOHC) technology, secured $6.8 million in seed financing to advance its low-cost, scalable approach to efficient delivery of clean hydrogen. The round was led by Clean Energy Ventures and the Business Development Bank of Canada’s investment arm, BDC Capital, with participation from Antares Ventures, […]
In the UK, Watson Farley & Williams (WFW) said it advised KGAL Investment Management‘s KGAL ESPF 6 Energy Transition Fund on its investment in a major project to produce green hydrogen in the Baltic Sea port of Lubmin in eastern Germany. KGAL’s partners on the project are PtX Development GmbH as initiator and German green […]
In Iowa, SunHydrogen announced that it has joined the Texas Hydrogen Alliance, a coalition of industry leaders dedicated to advancing the hydrogen economy in Texas. Founded in 2021, the Texas Hydrogen Alliance is a non-profit trade organization that brings together policymakers, regulators, industry leaders and innovators to advocate for policies that expedite hydrogen adoption, promote […]
In Norway, Norwegian company Equinor has scrapped plans to export so-called blue hydrogen to Germany because it is too expensive and there is insufficient demand. Equinor and Germany’s RWE had signed a memorandum of understanding in January 2022 to build a hydrogen supply chain for German power plants to help reduce greenhouse gas emissions, according […]
In Spain, Hydrogen Europe reported that Spanish gas distributor Redexis has started blending green hydrogen into Mallorca’s national gas grid via a pipeline. The report noted that the 3.2km pipeline will transport the fuel via the existing 1,400km gas network in Mallorca. The network’s hydrogen blend is reported to be 2%. The green hydrogen will […]
In Norway, Reuters reported that Shell scrapped plans for a low-carbon hydrogen plant on Norway’s west coast due to a lack of demand. “We haven’t seen the market for blue hydrogen materialize and decided not to progress the project,” said a spokesperson for Shell in Norway. Together with partners Aker Horizons and CapeOmega, Shell had […]
In Germany, Lufthansa Cargo said it will include the rising costs of sustainable aviation fuel from January 1, 2025 due to regulatory environmental requirements in the price index of its existing Airfreight Surcharge (ASC). “SAF is a crucial technological key to more sustainable flying and is essential for the energy transition in aviation. However, the […]
In Finland, AM Green Technology and Solutions B.V. has announced the signing of binding agreements to acquire Chempolis Oy and Fortum 3 B.V. entities. AM Green will establish large-scale bio refineries that utilize multiple feedstocks and produce green products enabling global decarbonization in aviation, fuels, chemicals and other industrial sectors. Chempolis’s technology will enable the […]
In California, Twelve announced it has raised a total of $645 million in funding. The firm noted that this raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and an additional $45 million in credit facilities from leading funders […]
In France, TotalEnergies and Air France-KLM have signed an agreement for TotalEnergies to supply up to 1.5 million tons of more sustainable aviation fuel to Air France-KLM Group airlines over a 10-year period. This agreement marks one the largest SAF purchase contracts signed by Air France-KLM to date. In 2022 and 2023, Air France-KLM was […]
