Tag Archives: hydrogen

Naturgy Demonstrates Resilience with 20% Increase in Net Profit for 2023

(IN BRIEF) Naturgy, a prominent energy group, announced strong financial results for 2023 despite challenging market conditions. Their EBITDA increased by 11%, reaching 5,475 million euros, with a 20% rise in net profit to 1,986 million euros. The company heavily … Read the full press release

UK Energy Transition Outlook 2024: DNV Highlights Need for Policy Clarity

(IN BRIEF) DNV, a leading independent energy expert, released its 2024 UK Energy Transition Outlook (ETO) report, highlighting the urgent need for the UK Government to prioritize long-term policy clarity and consistency to drive the transition away from fossil fuels. … Read the full press release

thyssenkrupp Steel Launches Tender for Hydrogen Supply in Decarbonization Drive

(IN BRIEF) thyssenkrupp Steel has initiated a call for tenders to supply hydrogen to its first direct reduction plant as part of the tkH2Steel decarbonization project. The project aims to transition to 100% hydrogen operation by 2029, with hydrogen use … Read the full press release

Bosch Showcases Electrification, Hydrogen, and Sustainability Innovations at CES 2024

(IN BRIEF) Bosch is at CES 2024, presenting its commitment to driving electrification and sustainable energy use, with a focus on hydrogen as a key solution. The company highlights innovations such as automated valet charging for electric vehicles, the use … Read the full press release

Hamburg Airport Joins International “Hydrogen Hub at Airport” Network to Advance Hydrogen Infrastructure in Aviation

(IN BRIEF) Hamburg Airport has become the first German member and the 12th overall member of the international “Hydrogen Hub at Airport” network. This network aims to promote the expansion of hydrogen infrastructure in aviation and includes members from airports, … Read the full press release

Neste Collaborates with Altens and Bolloré Energy to Introduce Renewable Diesel in France

(IN BRIEF) Neste is teaming up with French fuel distributors Altens and Bolloré Energy to introduce Neste MY Renewable Diesel™ to the French market starting in January 2024. This collaboration aims to significantly reduce greenhouse gas emissions in the transportation … Read the full press release

Portugal’s Floene Enhances Cybersecurity in Energy Distribution Through ENCS Membership

(IN BRIEF) The European Network for Cyber Security (ENCS) welcomes Floene as its newest member, focused on enhancing cyber defenses in Europe’s energy sector. Floene manages Portugal’s largest gas distribution network and boasts modern infrastructure for renewable gas distribution, including … Read the full press release

Low-Carbon Hydrogen Focus: RWE and Equinor’s Innovative Value Chain

(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release

Hydrogen Revolution: Saudi Arabia Debuts Alstom’s Eco-Friendly Passenger Train in Riyadh

(IN BRIEF) In a groundbreaking initiative, Saudi Arabia Railways (SAR) and global mobility leader Alstom are set to operate and demonstrate the world’s first passenger hydrogen-powered train, the Coradia iLint, in Riyadh during October. This pioneering event marks the introduction … Read the full press release

NIB and Varanger Kraft Collaborate on Green Energy Upgrade and Hydrogen Production in Norway

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a seven-year loan agreement with Norwegian utility company Varanger Kraft to support the upgrade of their hydrogen facility and the improvement of the electricity distribution network in Norway’s Varanger region. … Read the full press release

TÜV Rheinland Hong Kong Highlights Sustainability Solutions at ReThink HK 2023

(IN BRIEF) TÜV Rheinland Hong Kong, a prominent testing, inspection, and certification service provider, sponsored and participated in ReThink HK 2023, a premier event for sustainable business development. During the event, the company showcased its green and sustainability solutions across … Read the full press release

Airbus Innovators Shortlisted for German Future Prize with CO2 Capture Breakthrough

(IN BRIEF) A team of engineers and a developer from Airbus has been shortlisted as one of the top three finalists for the prestigious German Future Prize 2023. Their nomination is in recognition of their innovative work in developing Direct … Read the full press release

Eni Sustainable Mobility Redefines Transport with Enilive Brand Launch

(IN BRIEF) Eni Sustainable Mobility introduces the Enilive brand, marking a significant leap in eco-conscious transportation. Enilive focuses on bio-refining, biomethane production, and smart mobility solutions like the Enjoy car sharing service. With over 5,000 Enilive Stations in Europe, the … Read the full press release

ČEPS and RWE Finalize Sale of RWE Gas Storage CZ

(IN BRIEF) State-owned electric power transmission operator ČEPS has finalized the sale of its subsidiary, RWE Gas Storage CZ, to RWE, a German energy company. The Czech Republic’s government approved the purchase, and the contract was signed recently. RWE Gas … Read the full press release

Wood to Provide Specialized Services for Shell’s Energy Transition Projects

(IN BRIEF) Global consulting and engineering company, Wood, has been awarded a multi-year enterprise framework agreement (EFA) to continue providing specialized services to Shell’s worldwide projects. Wood’s expertise in consulting, engineering, procurement, and project management will support Shell’s greenfield and … Read the full press release

Germany’s Vice-Chancellor Robert Habeck Commits €2 Billion to thyssenkrupp’s Green Steel Project tkH2Steel

(IN BRIEF) Robert Habeck, Germany’s Vice-Chancellor and Minister for Economic Affairs and Climate Action, pledges around two billion euros in funding to thyssenkrupp Steel’s “tkH2Steel” decarbonization project. The joint effort with the state government of North Rhine-Westphalia aims to revolutionize … Read the full press release

AFRY Management Consulting Recognized as Top Consultancy for Green Hydrogen by Reuters

(IN BRIEF) AFRY Management Consulting has been ranked among the top three consultancies for green and low-carbon hydrogen by Reuters in their report on the top 100 innovators in hydrogen for 2023. AFRY’s expertise in the hydrogen value chain, ranging … Read the full press release

Bosch Commences Volume Production of Fuel-Cell Power Module, Investing €2.5 Billion in Hydrogen Technology

(IN BRIEF) Bosch has announced the start of volume production of its fuel-cell power module, marking its entry into the hydrogen age of mobility. The module will be used in Nikola Corporation’s Class 8 hydrogen fuel cell electric trucks, scheduled … Read the full press release

Green Team Twente Unveils Hydrogen Race Car to Showcase the Power of Hydrogen

(IN BRIEF) Green Team Twente, a multidisciplinary student team, has unveiled their new hydrogen race car, Apollo GDO, during a car reveal event. The team aims to create a greener future by showcasing the power and speed of hydrogen and … Read the full press release

thyssenkrupp Lists Hydrogen Business on Frankfurt Stock Exchange, Raises €526 Million in Successful IPO

(IN BRIEF) thyssenkrupp has successfully listed its hydrogen business, thyssenkrupp nucera, on the Frankfurt Stock Exchange. As one of the world’s leading suppliers of electrolysis plants for green hydrogen production, thyssenkrupp nucera raised approximately €526 million through the IPO. The … Read the full press release