Portuguese developer Madoqua Renewables has partnered with Dutch developer Power2X and Danish investment firm Copenhagen Infrastructure Partners (CIP) to build a green hydrogen and ammonia project in Portugal with an investment of €1 billion (US$1.07 billion).
The war in Ukraine will “turbocharge” the global green hydrogen sector as the cost of alternatives soar by more than 70% and Europe seeks to reduce its reliance on Russian gas with a series a financial packages, according to Rystad Energy.
US developer Green Hydrogen International (GHI) plans to create a green hydrogen hub in Texas that will be powered by 60GW of solar and wind energy and produce over 2.5 billion kilograms of green hydrogen per year.
The US$10.75 billion Desert Bloom Hydrogen project in Australia’s Northern Territory has been granted Major Project Status by the regional government, fast tracking the project and paving the way for commercial production of the 10GW green hydrogen facility by 2023
Acciona Energia has struck deals for multiple green hydrogen facilities, one with state-owned Australian energy company Stanwell Corporation and a joint venture with US company Plug Power Inc. to establish multiple production sites across Spain and Portugal
Australian energy company Global Energy Venture (GEV) is to develop a 2.8GW green hydrogen project on the Australian Tiwi Islands, with a planned generation capacity upwards of 100,000 tonnes per year.