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Germany approves €900M for green hydrogen project H2Global

Green Car Congress

Green hydrogen plays a central role in the transformation of our economy. In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany. The first deliveries of sustainable hydrogen-based energy sources to Germany and Europe are planned for 2024.

Germany 382
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 243
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Germany’s BMVI awarding Fraunhofer €80M for fuel cell production efforts

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Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) is awarding €80 million to the Fraunhofer-Gesellschaft’s National Action Plan for Fuel Cell Production. I am firmly convinced that we will make Germany a hydrogen country. —Andreas Scheuer, Federal Minister for Transport and Digital Infrastructure.

Fuel 322
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STEAG and thyssenkrupp planning joint green hydrogen project

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They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe. With this project, we will lay the foundation of a hydrogen economy in North Rhine-Westphalia. In the coming years, thyssenkrupp Steel’s climate strategy will entail a continuously increasing and constant demand for green hydrogen.

Hydrogen 482
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Mexico forms state-run company to mine lithium: Litio para Mexico

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The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources.

Mexico 284
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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trillion in developing economies. To help scale up a robust and fair clean hydrogen economy to meet projected demand, the report recommends policymakers focus attention on three key components: Lay the market foundation.

Clean 429
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Mercedes-Benz Survey Finds Most People Can See Themselves In An EV

CleanTechnica EVs

According to a recent Kantar poll for Mercedes-Benz Mobility, 80% of premium car drivers in Germany plan to switch to an electric vehicle within the next five years. The majority of them (66%) would finance the […].