GTT announces ‘strategic review’ of French electrolyser subsidiary Elogen
Gas technology company GTT has announced a strategic review of its PEM electrolyser subsidiary, Elogen, aimed at reducing its financing requirements.
Gas technology company GTT has announced a strategic review of its PEM electrolyser subsidiary, Elogen, aimed at reducing its financing requirements.
“This is an unfortunate situation, and I’m sorry that we now have to let go of many qualified people,” said Nel’s President and CEO.
Nel has secured $29m in additional investment tax credits for its planned electrolyser gigafactory in Michigan, US, bringing its total funding to around $200m.
French electrolyser firm McPhy Energy has slashed its FY2024 revenue guidance to around €11m ($11.2m) from original estimates of €18-22m ($18.3-22.4m), citing project delays and the scrapping of legacy refuelling developments.
The Hydrogen Energy Association (HEA) has suggested that the UK government’s GB Energy should invest in inland hydrogen hubs, core industrial clusters, and ports to accelerate hydrogen trade.
Protium Green Solutions has secured over £31m ($38m) in Series B funding to fast-track its UK-based hydrogen projects and advance the commercial deployment of its existing portfolio.
The Netherlands needs to increase demand certainty for hydrogen through obligations and industrial decarbonisation strategies, according to a new International Energy Agency (IEA) report.
South Korea’s GH EnA has agreed to use Utility’s H2Gen reactors to produce “carbon-negative” hydrogen using biogas.
Electrolyser developer Advanced Ionics has raised $6.7m in funding which will be used to scale up its technology and build out the company’s R&D facility.
The second H2Global auction round will adopt a dual strategy, conducting two distinct auctions across different continents as part of the €3bn ($3.1bn) tender.
