Finance

Australia is to invest $2bn in a Hydrogen Headstart programme as it aims to become a renewable energy ‘superpower’.

Bramble Energy has announced a partnership with Equipmake, Aeristech and the University of Bath to develop integrated hydrogen-powered bus technology.

Motive Fuels on Tuesday (May 2) announced it will close two of its hydrogen refuelling stations in London, UK, saying it is refocusing its core business on commercial vehicle refuelling.

bp recorded just under $5bn profit in Q1, down from $6.2bn in the corresponding 2022 quarter, as it reported lower liquid and gas realisations but it continues to be active in the low-carbon energy sector.

Quantron has appointed Stifel Europe Bank for its B-financing round and set a capital raise target of between €100-200m targeting European and US investors.

Avaada Group has raised $1.07bn to fund its Indian green hydrogen and ammonia ventures as part of its ongoing $1.3bn fundraising plan.

Nel has today (April 27) reported increases to revenue, operating income, and order intake, but reveals high losses driven by fuelling and low electrolyser project margins.

PASH Global (PASH) and ERIH Holdings have formed a 50-50 joint venture to develop green hydrogen and ammonia projects totalling 5GW of electrolyser capacity.

Element 2 and Pineapple Power Corporation have proposed a reverse takeover (RTO) for the purchase of all outstanding shares in Element 2.

UK-based CPH2 has today (April 20) announced its inaugural financial results and report for 2022, with eyes on commercialisation.