Atlantic hydrogen firms welcome $200M in German investment for Canadian exports
- The hydrogen sector in Atlantic Canada welcomes a 200-million euro commitment from the European Union to support the production of renewable hydrogen from Canada.
- Germany states that this initiative could reduce almost 2.5 million tons of carbon dioxide in the atmosphere.
- Everwind Fuels plans to begin construction on a hydrogen plant in Point Tupper, N.S., in 2026 and stated this funding provides a concrete route to secure a long-term offtake deal.
- Canada and Germany signed a joint declaration of intent to work together on clean hydrogen in 2022 to lessen Germany's reliance on Russian energy following the invasion of Ukraine.
13 Articles
13 Articles
Atlantic hydrogen firms welcome $200M in German investment for Canadian exports
Breaking News, Sports, Manitoba, Canada
In order to create a market, sellers and buyers are needed, and in order for these two types of actors to meet more quickly and easily, the European Commission has set up a hydrogen mechanism within its European platform ...
Six winners of the 2024 Innovation Fund hydrogen auction sign grant agreements, advancing renewable hydrogen rollout in the EU
Six winners of the 2024 Innovation Fund hydrogen auction sign grant agreements, advancing renewable hydrogen rollout in the EU Six projects selected in the 2024 Innovation Fund Auction for renewable hydrogen production (IF24 Auction) have signed their grant agreements, receiving a total of €270.6 million, sourced from EU Emissions Trading System revenues. Two of these projects were awarded under the dedicated maritime topic, receiving more than …
H2-View News: Six projects sign grant contracts for €270m from second European Hydrogen Bank round
Six green hydrogen projects selected for per kilogramme subsidies in the second European Hydrogen Bank auction have signed grant agreements representing €270.6m ($317.5m). The projects, located in Finland, Spain, and Norway, will receive between €0.33 ($0.39) and €1.88 ($2.21) per kilogramme of renewable fuels of non-biological origin (RFNBO)-compliant produced over 10 years, funded by Emissions
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