See below a wrap up of all the exciting advancements occurring in the hydrogen sector.
United H2 Limited believes it is in a strong position to become a leader in the space through its strategy to build a diversified holding company with projects ranging across the whole sector from production through to end-use.
United H2 Limited announced the appointment of Sanne Weekers as a Non-Executive Director to its Board. With a strong background in leading the execution of hydrogen projects, Sanne’s skillset compliments UHL’s leadership team and mission to form hydrogen-focused businesses with technical experts and commercialise them.
Swedish steel start-up Stegra — known as H2 Green Steel until last week — received the first €100m of €265m in state aid allocated by the government of Sweden.
HIF Global has raised $220m since the beginning of 2024 following an investment by Japanese shipping company Mitsui OSK Lines (MOL). MOL is the third of HIF Global’s Japanese investors, joining oil & gas firms Idemitsu Kosan and Jogmec, which had respectively put $114m and $36m into the e-fuels project developer.
Saudi Arabia is preparing for a major new construction of an octagon-shaped hydrogen hub that will produce as much as 600 tons of hydrogen per day. The octagonal Neom megaproject is expected to come with an $8.4 billion power plant.
A US start-up that claims it can make baseload electricity for less than $0.01 per kWh has secured 11 patents for its geothermal technology, with a view to deploying it to make green hydrogen-based fuels. Florida-based Magma Power, founded in 2022, also claims that green hydrogen made using its closed-loop geothermal technology can be produced for under $1/kg.
