Tagged With Finance
Letter from London: Hydrogen’s risk allocation puzzle
17 June 2024
Finding a way to efficiently share risk between developers, offtakers and financiers is crucial to unlocking investment in green hydrogen projects, according to speakers at the FT Hydrogen Summit in London
EU eyes tighter rules in future green auctions
29 May 2024
Larger bond payments and shorter startup windows likely as EU looks to build on success of inaugural European Hydrogen Bank auction
Investors flock to Oman summit
2 January 2024
The sultanate’s potential to become a major green hydrogen player gains recognition among international investors
Bidding opens for EU hydrogen bank subsidies
24 November 2023
Projects can now bid for the first tranche of funding from the EHB
LCOH cost components evaluated by new tool
19 October 2023
A tool developed by the EPRI examines various inputs to calculate the levelised cost of hydrogen
US backs seven regional hubs with $7b funding offer
16 October 2023
DOE selects projects spanning broad range of production technologies and end-uses in its biggest hydrogen funding commitment to date
Netherlands targets small projects with €250m auction
9 October 2023
Government to launch tender next month aimed at supporting green hydrogen projects of less than 50MW
IRA uncertainty chilling hydrogen investment – Plug
22 September 2023
Greater clarity on rules governing 45V tax credit needed to unlock investment in the US low-carbon hydrogen sector, Plug Power CEO Andy Marsh tells Hydrogen Economist
US leads quadrupling of global H2 subsidies
25 August 2023
Financial heft of IRA far outweighs support offered by Europe and Asia Pacific, BloombergNEF says
Hydrogen investment appetite has become more selective
17 July 2023
Investors are becoming pickier about where to put their money in the sector, with some now waiting for the first wave of projects
World Bank backs Chilean green hydrogen investment
30 June 2023
New loan is latest move by international community to support development of country’s electrolytic hydrogen production
Texas could be hydrogen export powerhouse
16 June 2023
Investment of $30bn in US oil state’s hydrogen infrastructure could create supply base capable of competing for market share in Europe, consultant tells FT Hydrogen Summit
Neom achieves financial close at $8.4bn
23 May 2023
World’s largest green hydrogen project supported by 30-year offtake deal with Air Products
UK triples target for new hydrogen subsidy round
18 May 2023
Government raises ambitions for second round of electrolytic hydrogen subsidy awards as it chases 2025 capacity goal
US a top priority for hydrogen sector
15 May 2023
A fifth of North American projects have taken FID or beyond, compared with 7pc in the rest of the world
Australia budgets A$2bn for hydrogen incentives
9 May 2023
The government will provide revenue support for renewable hydrogen production
No to additionality for US tax credits – FCHEA
5 May 2023
Trade association warns additionality requirements will push costs of green hydrogen up and disincentivise investment in the US
Ohmium raises $250mn to fund capacity increase
28 April 2023
US electrolyser manufacturer secures private equity investment as sector enters period of rapid growth
Middle East primed for more mega-projects
26 April 2023
US also well placed as developers eye IRA support, but hesitancy has crept into European hydrogen sector after some early gains
Europe must ‘change gear’ on hydrogen support – Hy24
21 April 2023
Investment fund calls for coordinated efforts by EU member states to build out refuelling networks and accelerate uptake of hydrogen in heavy-duty transport
UK opens round two of Net Zero Hydrogen Fund
14 April 2023
Applicants must demonstrate plans to develop projects by 2025
EU proposes €4/kg subsidy cap for green hydrogen auction
4 April 2023
Bidding developers must have pre-contractual arrangements in place with offtaker, equipment manufacturer and lender, as well as a ten-year renewable PPA, European Commission says in consultation
EU approves Italy’s €450mn renewable hydrogen support scheme
3 April 2023
The Italian government will provide grants of up to €20mn to integrated renewables and hydrogen production projects on brownfield sites
Scotland ‘a great place’ for green hydrogen development
31 March 2023
Project developers that have secured grants tell Hydrogen Economist they are optimistic, despite incentives competition with US and EU
UK shortlists 20 projects for revenue support
30 March 2023
The government has also allocated grants worth £37.9mn to 15 projects through the Net Zero Hydrogen Fund to cover development and capital costs
Canada unveils hydrogen investment tax credit
29 March 2023
Projects seeking full rate must have carbon intensity below 4kg of CO₂/kg of hydrogen produced and meet labour requirements
Too big to start?
24 March 2023
Hydrogen projects need to be developed at large scale to secure offtake from end-users wary of security of supply—but this throws up hurdles for financing, argues the EBRD
North Sea has big offshore hydrogen potential – DNV
17 March 2023
Investment of €35–52bn into transport and storage infrastructure could enable hydrogen system costs of €4.69–4.97/kg
EU sets out hydrogen support strategy
17 March 2023
The European Commission has released further details of its upcoming pilot auction, as well as unveiling new proposals to localise and diversify hydrogen supply chains
US opens $750mn funding for hydrogen R&D
16 March 2023
The Department of Energy has launched the first tranche of a planned $1.5bn
Hydrogen developers caught between offtake flexibility and project bankability
7 March 2023
Including termination clauses, price resets and rights of refusal in offtake agreements may limit the debt capacity a project can raise, banks warn at a recent conference
Hydrogen: A promising new energy carrier, but how can projects be financed?
3 March 2023
How can we overcome difficulties in raising capital and other obstacles to green hydrogen playing a major part in the future energy mix?
Saudi Neom green ammonia project reaches FID
1 March 2023
Co-developer Acwa expects $8.5bn project will meet EU criteria for green hydrogen and ammonia, global head of hydrogen Andrea Lovato tells Hydrogen Economist
Nel takes FID on US electrolyser plant expansion
1 March 2023
The manufacturer pushes further into the US with expansion and planned gigafactory, despite heavy losses over 2022
Woodside prioritises US project for FID this year
27 February 2023
The oil and gas firm reaffirms H2OK FID for 2023, while timelines for projects in Australia and New Zealand remain vague
UK risks leaving ‘great’ hydrogen projects unfunded
27 February 2023
Pipeline of credible projects now exceeds 250MW capacity limit set out by first government funding round, industry association Hydrogen UK tells Hydrogen Economist
Lack of international definition constraining green hydrogen growth – Barclays
24 February 2023
Reluctance of banks to lend to projects and lack of internationally agreed standards holding industry back, according to the London-headquartered bank
General Motors and Barclays back Geopura
21 February 2023
The UK hydrogen power firm has secured £36mn in its Series A financing round
India’s Hydrogen Mission gets budget boost
15 February 2023
The country has kickstarted its ambition to become a green hydrogen production hub, but controversy over conglomerate Adani may slow a flagship project’s development
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