The European Court of Auditors said the European Union is likely to miss its 2030 renewable hydrogen targets because the bloc’s political ambitions are not backed by solid analysis. “The auditors call for a reality check to ensure that the EU’s objectives are realistic and that its strategic choices for the future will not undermine the competitiveness of key industries or create new dependencies,” the European institution said. said in a recent report.
The US Department of Energy said it has signed a $12.6 billion deal with Arches to build a hydrogen hub in California – the first of seven planned in the United States. California Governor Gavin Newsom said that hydrogen will help decarbonize three major ports and support more than 200 cargo handling machines, 5,000 fuel cell trucks, 1,000 fuel cell buses and one ocean-going vessel.
ZeroAvia said it will work with Ryze to supply hydrogen for engine and flight testing at Cotswold Airport, England. This partnership will support increased demand for hydrogen for the ZA600 powertrain, designed for aircraft with up to 20 seats. said ZeroAvia.
Masdar said it has raised $1 billion through its second green bond issuance, divided into two tranches of $500 million with maturities of five and 10 years. It has allocated 70% to international investors and 30% to investors in the Middle East and North Africa. The funds will support capital commitments for new greenfield projects in developing economies. Masdar said its goal is to expand its renewable energy capacity to 100 GW by 2030 and become a leading green hydrogen producer.
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