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NEOM Green Hydrogen Company completes financial close of $8.4B for world’s largest green hydrogen plant

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Additionally, NGHC also announced that the non-recourse financing structured for the project has been certified by S&P Global (as the second party opinion provider) as adhering to green loan principles and is one of the largest project financings put in place under the green loan framework.

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Girteka Logistics becomes one of the first companies to be recognized as a Green Carrier by DHL

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The largest asset-based transportation company in Europe, Girteka Logistics, was one of the first road freight transport companies to be given the Green Carrier Certificate by one of its partners, DHL. The company grew from 600 trucks in 2010 to 9,000 trucks in Europe, Scandinavia and CIS countries. Earlier post.)

Companies 418
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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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World’s green hydrogen leaders unite to drive 50-fold scale-up in six years. The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram.

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SK invests in electrofuels company Infinium

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SKTI’s investment in Infinium is a significant step toward the implementation of SK Innovation’s “Carbon to Green Strategy,” announced last year, and is its first investment in the next-generation green energy field.

Companies 435
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland.

Finland 437
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Statkraft to supply renewable power for Fortescue’s Holmaneset 300 MW green hydrogen & green ammonia project

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy.

Green 259
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Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

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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