article thumbnail

Hitachi Energy and H2 Green Steel partner to leverage electrification, digitalization, and hydrogen for green steel production

Green Car Congress

Hitachi Energy signed a Memorandum of Understanding (MoU) with H2 Green Steel to leverage electrification, digitalization, and hydrogen to support the decarbonization of the steel industry. H2 Green Steel production. Electrolysis is the starting point for the green steel production process.

Green 346
article thumbnail

Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Volvo 514
article thumbnail

Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

Green Car Congress

million in R&D funding to Elomatic Oy’s project development company Green NortH2 Energy. With the loan, the Finland-based company is developing a green hydrogen and ammonia production concept. Green NortH2 Energy intends to set up the first green ammonia production plant in Naantali.

Finland 259
article thumbnail

SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. million tons in 2030 and 27.9

Green 284
article thumbnail

Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. The €500-million, 6-year fixed rate senior unsecured green bond was issued under Volvo Cars’ Euro Medium Term Note program.

Volvo 329
article thumbnail

Green NCAP LCA study shows detrimental climate and energy impact of increasing vehicle weight, including EVs

Green Car Congress

The results of the Life Cycle Assessment (LCA) of greenhouse gas emissions and primary energy demand of the cars tested by Green NCAP in 2022 show that the current and continuous trend towards larger and heavier cars, significantly increases the negative impact on climate and energy demand.

Green 453
article thumbnail

Norwegian startup Blastr plans €4B green steel plant in Finland

Green Car Congress

Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. The production is planned to start by end of 2026. —Hans Fredrik Wittusen, CEO of Blastr Green Steel. Finland is an ideal location for our project.

Finland 437