The KGAL ESPF 6 Energy Transition Fund says it will invest in a 1,050 MW green hydrogen hub in Lubmin, a port on the Baltic Sea in Germany.
The KGAL ESPF 6 Energy Transition Fund invests in a green hydrogen project in Lubmin, a port on the Baltic Sea in Mecklenburg-Vorpommern. It will be Germany’s largest planned hydrogen hub with a capacity of up to 1,050 MW. Working with PtX Development GmbH and GP Joule, KGAL plans to install approximately 210 MW of electrolysis capacity in the first phase, expected to be completed in 2028, followed by another 840 MW in subsequent phases. The specific funding amount was not disclosed.
Shell has told pv magazine that it currently does not see sufficient market demand for blue hydrogen to continue financial support for the Gassco-led research into a hydrogen pipeline from Norway to Germany. A spokesperson said the company also halted the Aukra project for similar reasons and did not renew its partnership when it expired in June. Shell currently has no other active hydrogen projects in Norway. Meanwhile, the AcquaDuctus The offshore hydrogen pipeline in the North Sea, led by Gassco and Gascade, is progressing.
Hydrogène de France (HDF Energy) said its advanced development project portfolio has stabilized and increased from 13 to 14 projects in the first half of the year, while total investments grew from $3.2 billion to $3.4 billion . The company noted that a systematic review this year identified priority projects to attract investors, allowing some to begin construction by 2025. Projects not selected as a priority remain active and have strong growth potential. said HDF energy. Meanwhile, revenues fell from $1.44 million at the end of 2023 to $571,000 in June 2024.
The US Department of Energy (DOE) has announced up to $15 million in federal funding to support research and development projects that use coal, biomass, petroleum cokehousehold waste, industrial waste and waste plastics are converted into synthesis gas make production possible clean hydrogen.
The United Nations Office in Nairobi (UNON) said qualified companies can submit expressions of interest for a feasibility study on the potential of green hydrogen in the Maldives, along with the development of a national roadmap for sustainable energy transition. ONON said the Maldives has already installed 53.3 MW of hybrid solar energy systems, with another 70 MW currently being installed
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