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Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

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Plug Power, Chart Industries, Inc. Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million). The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.

Hydrogen 170
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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Although they are targeting an initial implementation France, they see it as broadly applicable. Diagram: Isabelle Plat. Click to enlarge.

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Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

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France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million million) financing from Bpifrance on the isobutene program. million (US$1.6-million) million interest-free loan over seven years.

Financing 150
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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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million in the form of repayable advances, following last July’s achievement of a technical and financial milestone in the ISOPROD project funded by the French Environment and Energy Management Agency (ADEME), which involves Global Bioenergies, Cristal Union and L’Oréal around the IBN-One first plant project. million and IBN-One €0.5

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AREVA, Smart Energies and ADEME form French JV for PEM electrolyzers for hydrogen; power-to-gas

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AREVA, Smart Energies through its subsidiary CETH 2 , and the ADEME (French Environment and Energy Management Agency) have created a joint venture—AREVA H 2 -Gen—to manufacture Proton Exchange Membranes (PEM) for the production of hydrogen from water and electricity. —Vianney de l’Estang, CEO of Smart Energies.

Hydrogen 225
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EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

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The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. The role of each of the partners is the following: Valeo – the drive-train electronics and thermal. Earlier post.)

Financing 150
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Finnish electric powertrain company Visedo raises €20M to support global expansion; SRPM technology

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Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 These are essential factors for industrial clients and original equipment manufacturers.

Companies 150