World Bank approves $1.5 billion to support India’s low-carbon transition
The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.
Govt releases incentive guidelines for green hydrogen, electrolyzer production
The Ministry of New and Renewable Energy (MNRE) has notified the guidelines for its incentive schemes to promote the domestic production of green hydrogen and electrolyzers.
Avaada Group closes $1.3 billion funding round
The integrated energy company has closed $1.3 billion in financing for its green hydrogen, green methanol, green ammonia, solar manufacturing, and renewable power generation ventures.
Lhyfe launches world’s first offshore hydrogen project
Lhyfe has started producing offshore hydrogen via a pilot project in France, and Toyota and its partners have agreed to invest in hydrogen in Thailand. The Australian authorities, meanwhile, have approved a hydrogen project in Victoria.
Solar-driven photoreactors to generate hydrogen on rooftops
Scientists led by the Karlsruhe Institute of Technology have designed panel-like photoreactors relying on a water-splitting photocatalyst that could produce hydrogen on rooftops or dedicated solar farms. They claim the photoreactors have high economic potential because of their ‘extremely’ low costs.
India’s first hydrogen train to run on Jind-Sonipat route
Indian Railways plans to run 35 hydrogen trains on various heritage and hill routes in India.
India and Egypt talk renewable energy, green hydrogen
Hassan Allam, chief executive officer of Egypt’s Hassan Allam Holding Co., discussed cooperation with Indian companies in renewable energy and green hydrogen, during his recent meeting with India’s prime minister Narendra Modi.
L&T selects PVH solar trackers for 2.97 GWp PV plant in Saudi Arabia
PVH’s manufacturing facility in Jeddah will supply solar trackers to Larsen & Toubro for the 2.97 GWp PV project in the NEOM region of Saudi Arabia.
Hydrogen market to surpass LNG by 2030, says Deloitte
Deloitte says it expects steady hydrogen market growth, with annual revenue projected to hit $1.4 trillion by 2050, while Denmark and the Netherlands have started discussing hydrogen collaboration with the governments of Namibia, South Africa, and Morocco.
Green baseload hub to replace coal, gas generation in eastern Germany
German coal miner LEAG is planning a massive clean energy hub, comprising up to 14 GW of wind and solar energy generation paired with 2 GWh to 3 GWh of battery energy storage and 2 GW of green hydrogen production. Combined, these technologies are expected to create a net-zero baseload energy system.
