Global Investment in Green Hydrogen: Morocco Approves Projects, European Hydrogen Bank Auction Results
Key Ideas
- Morocco approves six green hydrogen projects with foreign companies, totaling up to $32.5 billion, boosting the country's renewable energy sector.
- European Hydrogen Bank's auction attracts 61 bids from 11 countries, requesting over $5.2 billion in grant support for renewable hydrogen production.
- Tata Motors conducts trials for hydrogen-powered heavy-duty trucks in India, marking progress in assessing commercial viability and infrastructure development for green transportation.
- BP discontinues HyGreen Teesside project in England, focusing on prioritized high-graded hydrogen and carbon capture projects in the UK.
The Moroccan government has approved six green hydrogen projects with a combined value of up to $32.5 billion, involving foreign companies like Ornx, Acciona, Nordex, Taqa, Cepsa, Nareva, ACWA Power, UEG, and China Three Gorges. These projects aim to produce ammonia, synthetic fuel, and green steel, with each project being offered up to 30,000 hectares of land. Simultaneously, the European Hydrogen Bank's auction saw 61 bids from 11 countries, seeking over $5.2 billion in grant support for renewable hydrogen production. In India, Tata Motors initiated trials for hydrogen-powered heavy-duty trucks, emphasizing the assessment of commercial viability and infrastructure readiness for green transportation. Conversely, BP decided to halt the HyGreen Teesside project in England to prioritize 5-7 high-graded projects, such as NZT Power, NEP, and H2Teesside, signaling a strategic shift towards focused hydrogen and carbon capture initiatives.
Topics
Projects
Renewable Energy
Technology
Investment
Transportation
Energy Sector
Project Approvals
Auction Results
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