South Australian Premier Peter Malinauskas said, “There’s no point in producing hydrogen if there’s not a customer for it,” highlighting the government’s focus on securing the steelworks’ future with the new funding package.
The hydrogen-powered truck manufacturer intends to “market and sell all, substantially all, or a portion of its assets and effectuate an orderly wind-down of its businesses.”
The bankability of hydrogen projects hinges on a combination of financial support, robust risk mitigation strategies and alignment with market and policy trends.
ENEOS to sell over 460 million JXAM shares, raising $3bn to fuel hydrogen and synthetic fuel projects in Japan’s biggest IPO in seven years.
The 10MW electrolyser is expected to begin operations before the end of 2025, producing around 900 tonnes of green hydrogen annually.
The EU approved the project as vital to the REPowerEU plan, with a claw-back mechanism in place to reclaim excess profits if it outperforms expectations.
“Hydrogen has faced some turbulent times recently, but we now have a unique opportunity to shift momentum,” said Vireon CEO, Per Øyvind Voie.
Quest One’s CEO, Michael Meister, said the decision was made due to the “market environment remaining challenging for the foreseeable future.”
Hydrogen investment fund Hy24 has committed $50m to StormFisher Hydrogen to support its 1.8GW North American project pipeline.
Its top holdings include Contemporary Amperex Technology (8.2%), Air Products & Chemicals (7.15%), Asahi Kasei Corp (7%) and Linde (6.80%).
