NEOM Green Hydrogen Company completes $8.4-B financial close
NEOM Green Hydrogen Company announced that after signing financial documents with 23 local, regional and international banks, and investment firms, it has now achieved financial close on the world’s largest green H2 production facility at a total investment value of $8.4 B.
ACWA Power expands sustainable energy portfolio in Uzbekistan with green H2 agreements
ACWA Power has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand, marking a major milestone to advance Uzbekistan’s target to decarbonize 35% of its energy sector by 2030.
Ohmium closes $250-MM Series C Fundraise led by TPG Rise Climate
Ohmium International announced the closing of a $250-MM Series C growth equity financing. The round was led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise and included participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group.
H2Tech: Global Projects Data
Total active H2 projects have increased by nearly 100 month-over-month (March–April), according to Gulf Energy Information’s Global Energy Infrastructure (GEI) database. With nearly 50% market share, Western Europe continues to account for most H2 projects under development, followed by the Asia-Pacific region (22%) and the U.S. (13%).
First accredited low-carbon ammonia shipment for power generation dispatched from Saudi Arabia to Japan
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. It represents another milestone in the development of this lower-carbon energy solution.
Brooge Energy completes technical study of its green H2 and ammonia plant
Brooge Energy, a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, announced that the technical study of its green H2 and ammonia plant conducted by thyssenkrupp Uhde has been completed and delivered.
H2Tech: Projects Update
In early March, Lion Energy signed a Heads of Agreement with the Port of Brisbane in Queensland, Australia to lease land that will be used to build a green H2 production and refueling facility. Once operational in 1Q 2024, Lion Energy will supply approximately 420 kg/d of green H2 to heavy mobility vehicles in the region (e.g., bus fleets and heavy-duty vehicles).
Babcock & Wilcox wins $9-MM contract to supply cooling systems for Middle East green H2 project
Babcock & Wilcox (B&W) announced that its B&W Environmental business segment has been awarded a contract for more than $9 MM to design and supply two cooling systems for a clean H2 production facility in the Middle East.