Finance

Daimler Truck has secured €226m ($238m) from the German government for the development, small-series production and customer deployment of 100 hydrogen fuel cell trucks.

A recent EU report has revealed that Europe is facing a significant shortfall in achieving its 2030 hydrogen production and electrolyser capacity targets, with a gap of up to 12.8 million tonnes.

Despite the collapse of the German three-party coalition government, the potential of the nation’s hydrogen industry remains robust according to Charles River Associates’ (CRA) Dieter Keller-Giessbach.

UK Oil & Gas (UKOG) has raised £500,000 ($632,000) from investors to purchase land in East Yorkshire for a salt cavern hydrogen storage site.

Portuguese-based hydrogen firm Fusion Fuel is filing for insolvency and suing investor Hydrogenial S.A., claiming it failed to follow through with $33.5m.

The French government has provided funding to develop hydrogen production and import facilities at the port of Le Havre, reportedly representing around €1.6bn ($1.69bn) of investment.

Spain’s Exolum has begun testing the storage and transport of green hydrogen at a commercial scale on existing natural gas infrastructure in the UK.

Poland’s Gaz-System has been awarded EU funding to support the development of the Pomeranian Green Hydrogen Cluster project, designed to serve Poland and Germany.

Elcogen has been awarded €24.9m ($26.5m) from the EU Innovation Fund to support its scale-up of solid oxide electrolyser cell (SOEC) and fuel cell (SOFC) cells and stacks.

Bloom Energy has signed agreements to deliver its solid oxide fuel cells (SOFC) to three different locations, including what it describes as the “largest” single-site SOFC installation in South Korea.