U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi
Australian Provaris Energy has appointed Germany-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations advisor in Europe. Provaris said the appointment seeks to develop and maximize the value of the
Woodside has entered into a sale and purchase agreement with LNG Japan for the sale of a 10 per cent stake in the Scarborough Joint Venture.
Sungrow, a global inverter and energy storage system solution supplier, has signed a contract with Indian Larsen & Toubro (L&T) to supply inverter skid solutions for a 2.2 GWac PV plant for the NEOM green hydrogen project in Saudi Arabia. NEOM Green Hydrogen Company (NGHC), a joint venture created b
Japan’s Mitsubishi Heavy Industries (MHI) has started operations at Nagasaki Carbon Neutral Park, a center dedicated to the development of MHI Group’s energy decarbonization technologies. Located in Nagasaki, the new base is expected to progressively expand over the coming years, and according to MH
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
Japanese shipping company Mitsui O.S.K. Lines (MOL) is advancing its Wind Hunter project with the initiative to develop a pure water production system for hydrogen generation. MOL’s Wind Hunter project aims to harness offshore wind energy to produce hydrogen from water onboard and convert it into pr
Japan’s Yanmar Power Technology (YPT), a subsidiary of Yanmar Holdings, has commercialized a maritime hydrogen fuel cell system towards the decarbonization of the maritime industry. The company said it plans to propose the installation of the system into various ships, including passenger ships, wor
Thomas Gros, a senior energy industry executive, sees offshore wind as the linchpin of the decarbonised energy mix.
Chariot Green Hydrogen, a subsidiary of Africa-focused energy group Chariot, Oort Energy, a UK-based manufacturer of green hydrogen systems, and Mohammed VI Polytechnic University (UM6P) have signed new partnership agreements to extend their collaboration to test the production of green hydrogen in
The European Commission (EC) has approved a €246 million Dutch scheme to support the production of renewable hydrogen and the construction of at least 60 MW electrolysis capacity. The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen S
Australian Provaris Energy has informed that it continues to make progress on its Tiwi H2 green hydrogen export project on the Tiwi Islands, Northern Australia through its early works program initiated in late 2022 that covers detailed engineering, permitting and land and project agreements. It stat
At the 2023 World Sailing Championships in The Hague, Netherlands, Dutch sailing organization Watersportverbond will introduce its first-ever emission-free, hydrogen-powered coach boat, the H2C Boat. According to German electric drive system provider Torqeedo, the boat, equipped with its Deep Blue e
