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EU investing €1.8B in 17 large-scale clean tech projects

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Grants will be disbursed from the Innovation Fund to help bring technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key components for energy storage and renewables. The EU is investing more than €1.8

Clean 334
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.

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EU NELLI project delivers new generation solid-oxide fuel cell; efficient and lower cost

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Solid oxide fuel cells (SOFC) produce the highest efficiencies of any electrical generation, above combustion engines, gas turbines or other fuel cells. In an SOFC electrolysis system, fuel cells convert excess power from renewable generation to turn water into hydrogen, addressing intermittency and storage issues for wind and solar.

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EC awards €1.2B from NER300 “Robin Hood” mechanism for 23 renewable energy projects; 5 advanced biofuel projects targeted for €516.8M

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billion of grants—paid by the polluters—will leverage a further €2 billion [US$2.66 million); 6 wind projects (€273.2 The novel gasification technology will convert the biomass into gas before a gas-to-liquid conversion renders it fit for biofuels production. million (US$836.5 million, US$78 million); and.

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