Building on the investments, Elcogen has said HD Hyundai and Baker Hughes intend to collaborate on green hydrogen production solutions based on the firm’s solid oxide electrolyser cell (SOEC) technology.
Raven SR has secured $15m in investment from Ascent Funds and has also promoted Matt Scanlon to President and Interim Chief Financial Officer (CFO).
Ballard Power Systems has been awarded $54m of investment tax credits which will be used to support its planned fuel cell gigafactory.
Pajarito Powder has been selected for $20m in US Department of Energy (DOE) funding to increase production and reduce catalysts and fuel cell costs.
Targeting to close a partnership for 1GW of projects by the end of 2024, the new model comes as the company eyes a 10% EBITDA margin in 2026 based on a €100m ($108m) revenue.
EVōLOH has received investment from 3M to support the scale-up of its novel alkaline electrolysers.
Cranfield University has received its largest ever research funding award to develop a hydrogen technology hub at Cranfield airport.
The National Audit Office (NAO) has found that heat pump installations up to 2023 were less than half of the planned projections, potentially due to the uncertainty of hydrogen heating.
Northern Gas Networks (NGN) has been awarded £300,000 ($380,219) to initiate two feasibility studies to secure Net Zero energy.
Ballard has secured up to $40m in US funding to support the development of an integrated fuel cell production gigafactory in Texas.
