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Hydrogen newsletter 11-18 December 

Statements of companies and regulators with links of primary sources about real projects 

Yamaha Motor to Exhibit Prototype Hydrogen Outboard Motor at 2024 Miami International Boat Show 

Yamaha Motor Co., announced that it will be exhibiting a prototype hydrogen-powered outboard motor at the Miami International Boat Show, one of the world’s largest boat shows, scheduled to be held from February 14 to 18, 2024 in Miami, Florida, USA.

Marine products run through water and are thus subjected to water resistance, requiring significantly more energy for propulsion than land vehicles. Additionally, the performance and engineering requirements for marine products can vary widely depending on the usage environment-such as the ocean, rivers, or lakes-as well as the usage itself, from commercial fishing to recreation. In order to achieve carbon neutrality with marine products while facing such challenges, the company is promoting a multi-directional development approach, looking to other new energy sources and technologies in addition to its electrification efforts.

Press release

BOC South Pacific has been selected as a preferred partner to design the world’s largest hydrogen production facility in Australia

BOC South Pacific, a Linde company, has been selected as a preferred partner in a project to design the world’s largest hydrogen production facility, power plant, and storage solution in Whyalla, South Australia, the Linde announced.

BOC is part of a consortium with ATCO Australia that has committed to an Early Contractor Involvement agreement with the Government of South Australia – Office of Hydrogen Power South Australia. The consortium will undertake detailed project and engineering design, procurement of critical equipment, finalizing of contracting arrangements, and cost estimations.

Earlier, the Office of Hydrogen Power South Australia reported, that the ATCO Australia and BOC consortium have committed to an Early Contractor Involvement (ECI) agreement as the preferred hydrogen delivery partner to deliver 250MWE electrolysers, 200MW power generation and hydrogen storage.

EPIC Energy have also committed to an ECI agreement to explore an integrated pipeline and hydrogen storage solution to provide for expanded hydrogen production and offtake in a growing industry.

This critical next phase of the project will finalise project planning and design, procurement of critical equipment and contracting arrangements.

Press releases

CNX Provides Update on Hydrogen Project Location and 45V Hydrogen Production Tax Credit Rules

Citing delays and increasing uncertainty over implementation rules guiding the use of the 45V hydrogen production tax credit provisions of the Inflation Reduction Act (IRA) and an inability to reach final commercial terms with project developers, CNX Resources Corporation  announced it has ended coordination with the Adams Fork project and is evaluating several viable alternative sites in southern West Virginia for clean hydrogen projects.

The Company remains committed to supporting the Appalachian Regional Clean Hydrogen Hub (ARCH2) via use of its local, low cost, low carbon intensity feedstock, which is ideal for affordable, clean hydrogen production in historically disadvantaged energy communities across Appalachia. CNX’s final investment decision remains contingent upon tax credit guidance that unambiguously supports low carbon intensity feedstock projects that will facilitate development of the regional clean hydrogen hubs, including ARCH2.

Press release

Hyzon Motors and the Kangan Institute to develop an innovative Hydrogen Education and Training Precinct

Hyzon Motors Australia (HMA) and the Kangan Institute have joined forces to develop an innovative Hydrogen Education and Training Precinct that will support local learning, training, and modern manufacturing in Melbourne.

The initiative is thanks to a new agreement which will see the two organisations at the forefront of this emerging industry.

Hyzon Motors is a global developer of high-power fuel cell technology focused on integrating its solutions into zero-emission heavy-duty fuel cell electric vehicles (FCEV).

Kangan Institute’s Automotive Centre of Excellence (ACE) is Australia’s largest provider of automotive training. Based at the award-winning Docklands Campus, ACE offers a range of training products to meet industry and critical skills demand.

Press release

Everfuel and HY24 A/S sign agreement increasing Danish tender valued at €28,3 M for production of green hydrogen

Everfuel and Hy24 A/S announced that the JV has signed the final agreement with the Danish Government in relation to the Power-to-X tender for supporting production and supply of green hydrogen.

The increased grant is valued at DKK 211 million (€28,3 million) following the revised offer provided by the Danish Energy Agency on November 17.

“Echoing previous statements, the Danish PtX tender is a confirmation of the government’s commitment to unfold the national hydrogen production and export potential. We are very pleased with the tender process and the result for our JV. The outcome further supports Everfuel and Hy24s joint ambition of commercialising green hydrogen at scale,” says Jacob Krogsgaard, founder and CEO of Everfuel.

The tender’s built-in subsidy is provided as support for operating expenses and is recognised per kilogram of green hydrogen produced. The subsidy will run for ten years and is dependent on the operational performance of the project.

The tender for large-scale green hydrogen production and supply is the first of its kind and supports Denmark’s power-to-X strategy to build upwards of 4-6 GW electrolyser capacity.

Press release

Kaizen Clean Energy Awarded Hydrogen Fueling Station and Microgrid Contract from the Golden Empire Transit District

 Kaizen Clean Energy has been awarded a contract from the Golden Empire Transit District (Bakersfield, CA) for an off-grid hydrogen fueling station and hydrogen-based microgrid to support GETBus’s expanding Zero-Emission fleet, the KCE announced. Under the contract, KCE will provide a KCE-150 microgrid capable of producing up to 150kW of power and an hydrogen fueling station delivering up to 460kg of H2/day. The power produced from the KCE-150 will power the hydrogen fueling station and/or provide EV DC fast charging.

KCE’s onsite hydrogen production allows GETBus to control their hydrogen fuel supply, reduce harmful emissions, and provide electrical grid resilient service to their customer base. The KCE technology has been proven and deployed in extreme weather and remote locations to support the replacement of diesel generators and EV charging.

Press release

Fuji Industries brings Cevotec’s technology to advance the H2 tank production in Japan

Munich-based Cevotec, the leading provider of automation equipment based on Fiber Patch Placement (FPP) technology, announces the introduction of the first FPP production system on the Japanese market. Fuji Industries has ordered Cevotec’s SAMBA Pro PV system. The first FPP system on Japanese soil will be primarily dedicated to advancing H2 tank production with dome reinforcements, thereby reducing the weight, cost and environmental footprint of composite tanks significantly

Press release

SoCalGas: HY2MEGA metal hydride storage subsystem has officially arrived at NREL

 SoCalGas, the largest gas distribution utility in the United States, announced, that the highly anticipated HY2MEGA metal hydride storage subsystem has officially arrived at National Renewable Energy Laboratory (headquartered in Golden, Colorado)

Developed by GKN Hydrogen, this hydrogen storage subsystem requires no compression, operates at modest temperatures (20-65 deg C), and has the potential to offer a safe, energy-efficient and low-maintenance solution for long-duration energy storage. This demonstration at NREL holds the promise of advancing hydrogen technologies by validating H2 storage performance at the MW scale using renewable energy, and identifying key use cases for the commercial deployment of H2 storage technologies. 

Press release

Iberdrola obtains public funding for the first industrial-scale green hydrogen plants in the UK

Iberdrola, through its UK subsidiary ScottishPower, has secured funding from the UK government for two green hydrogen projects, which will be the first industrial-scale green hydrogen plants in the country.

The hydrogen from both projects will be used to provide emission-free fuel for high-temperature industrial processes, such as whisky production, and to replace fossil fuels in heavy transport. After a possible two-year construction period, ScottishPower intends to start producing green hydrogen at both Whitelee and Cromarty.

Press release

HySE hydrogen cars to take part in Dakar Rally 2024

Together with Kawasaki, Suzuki, Honda, and Yamaha, Toyota is part of the Hydrogen Small mobility & Engine technology (HySE) research group. The group held a roundtable to explain the vehicle’s entry into Dakar 2024, the Toyota Times reported.

HySE will take part in the Dakar Future Mission 1000, a new category that will kick off in January 2024. As the name implies, competitors must cover roughly 100 kilometers per day, totaling 1,000 km over 10 days. Although the start will differ from the regular race, the finish line is the same.

Entry into this category is limited to sustainable alternative energy vehicles such as battery EVs, hydrogen-fueled cars, and hybrids. In the hydrogen category, two other cars are expected to participate alongside HySE.


Advent Technologies Secures Additional New Contract worth $2.8 M from U.S. Department of Defense for its Portable Fuel Cell System

Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology space, is delighted to announce that its subsidiary, Advent Technologies, LLC, has secured an additional new $2.8 million contract with the U.S. Department of Defense (DoD).  This milestone achievement augments Advent’s $2.2 million contract that was announced on September 7, 2023, which focuses on finalizing the design of the Honey Badger 50™ (“HB50”) portable fuel cell system through the integration of the Company’s innovative Ion Pair Membrane Electrode Assembly (“MEA”) technology.

Fueled by biodegradable methanol, the compact HB50 seamlessly powers applications such as communication devices, surveillance systems and laptops, making the HB50 ideal for covert operations.  Its thermal capabilities ensure reliable operation across ambient temperatures from below freezing to over 40°C.  HB50’s adaptability to liquid methanol as a hydrogen carrier fuel aligns perfectly with the DoD’s pursuit of lightweight and portable power solutions.

Press release

Airbus UpNext powered on the world’s first 500-kilowatt cryogenic propulsion for the hydrogen fuel cells system

Using superconducting cable that has a current density over 100 times superior to that of normal copper wire, both the powertrain and the engine of the ASCEND demonstrator were operated in 

cryogenic conditions that ensured no energy was wasted. 

ZEROe project, ASCEND was designed to be a superconducting propulsion system that could share the cryogenic system of 

hydrogen fuel cells onboard an aircraft, reducing weight, resistance and wasted energy. 

Designed and built just outside of Toulouse, ASCEND underwent testing at Airbus’ E-Aircraft System facility in Ottobrunn, the largest facility of its kind in Europe. 

Press release

Wolftank  installed a hydrogen refueling at the first 100% renewable biorefinery in the Canary Islands 

Wolftank has successfully completed a pioneering hydrogen project in the Canary Islands: The Spanish team brought its Hydrogen Smart Fueler (HSF) to the islands’ first 100% renewable biorefinery, reaffirming the company’s commitment to straightforward and efficient decarbonization efforts.

This new facility marks a groundbreaking initiative on the island, focused on the production of synthetic fuels from green hydrogen. The project has been financed by the European Union’s New Generation Funds.

The HSF installed by the Iberian team consists of a 350-bar hydrogen dispenser with a storage capacity of up to 2,400 liters (equivalent to 76 kg of hydrogen). The dispenser is infrared-connected and includes a 7″ touch screen.  The technology is designed to refuel city buses and other vehicles at pressures of up to 350 bar.

Press release

SSE Thermal acquires 50% stake in H2NorthEast hydrogen project

SSE Thermal has become joint owner of a blue hydrogen project in Teesside.

The partnership with Kellas Midstream will see the companies jointly develop H2NorthEast, a hydrogen production facility with carbon capture and storage that could help to kickstart a hydrogen economy in the Tees Valley. The agreement is for an initial consideration of <£10m to Kellas Midstream with further contingent consideration due should the project reach a financial investment decision.

In its first phase, H2NorthEast could deliver up to 355MW of blue hydrogen production capacity from 2028 with plans to scale up to more than 1GW. Offtakers would include heavy industry and power generation, either through blending into existing assets or in new hydrogen-fired plants. A strategic addition to SSE’s hydrogen portfolio, H2NorthEast has received support through the UK Government’s Net Zero Hydrogen Fund to deliver a Front End Engineering and Design programme, which is underway and being led by Worley and Johnson Matthey.

Press release

€800 million is available under first-ever Innovation Fund auction for hydrogen producers 

Producers of renewable hydrogen can submit a fixed-premium bid to receive support for their production. Applicants will need to prove that at least 70% of greenhouse gas emissions are reduced by the total volume of hydrogen produced. The disclosed ceiling price is €4.5/kg of hydrogen produced as a maximum bid for the fixed premium. After some basic eligibility and quality checks, bids will be ranked from lowest to highest and awarded support, in that order, until the auction budget is exhausted. 

Press release

Submit your bid by 8 February 2024!YFqgFX 

ErreDue to supply a 1 MW electrolyser to the municipality of Guglionesi in Italy 

ErreDue, has announced an agreement with Foglia Umberto Srl for the supply of a 1 MW PEM electrolysis unit to be delivered in 2025, which will be used to produce and store green hydrogen in a recycling centre to be built in the municipality of Guglionesi, Molise region, Italy. 

The green hydrogen produced by the PEM electrolyser will be stored and then reused to produce heat. The electrical energy required to operate the electrolyser will be provided by a photovoltaic system with a capacity of about 2 MW, which will be located on the roof of the landfill. 

Press release


Verne and Lawrence Livermore National Laboratory achieve cryo-compressed hydrogen storage record

Verne and Lawrence Livermore National Laboratory (LLNL) demonstrated a single cryo-compressed hydrogen (CcH2) system with a capacity of 29 kilograms, close to three times greater capacity than previously known examples. This system is the first CcH2 system large enough for use in heavy-duty transportation systems. For example, two such systems can be frame-mounted to a Class 8 truck, and enable a range of over 500 miles, according to Verne analysis.

Heavy-duty vehicles including trucks, ships and planes are responsible for 23 percent of U.S. GHG emissions, yet are difficult to decarbonize due to their high energy requirements. Current battery electric and hydrogen storage methods (liquid and compressed gas) do not provide sufficient energy density to power Class 8 trucks. CcH2 achieves 27 percent greater hydrogen storage density than liquid hydrogen and more than 75 percent greater hydrogen storage density than compressed gaseous hydrogen. The energy stored in Verne’s 29 kilogram CcH2 tank is roughly equivalent to a one-megawatt-hour battery storage system, while weighing only about 400 kg versus the one-megawatt-hour battery which weighs around 5,000 kg. This magnitude improvement in gravimetric energy density is a major reason why hydrogen is the preferred fuel for the heavy-duty industry.  

Press release

ABN AMRO invests in Hy24’s Clean Hydrogen Equipment Fund

ABN AMRO invests in the Clean Hydrogen Equipment Fund, the world’s first fund focusing exclusively on investing in clean hydrogen technologies, the company said.The fund is managed by Hy24, a clean hydrogen investment pureplay committed to scale up the global hydrogen economy. This is the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the bank’s climate strategy as announced previously.

Through investments like these, ABN AMRO is making capital available to young, fast-growing companies that contribute to the transition to a sustainable economy, but do not yet qualify for credit lines and other banking products. These types of companies developing advanced technology solutions constitute important future clients for ABN AMRO.

Press release

Port of Antwerp-Bruges & CMB.TECH launch the Hydrotug 1, world’s first hydrogen-powered tugboat

Port of Antwerp-Bruges and CMB.TECH announced on 12 December a world first: the Hydrotug 1, the first hydrogen-powered tugboat, is ready for operation in the Antwerp port area.

The Hydrotug 1 is the first tugboat in the world to be powered by combustion engines that burn hydrogen in combination with traditional fuel. It is the first vessel that uses the BeHydro V12 dual fuel medium speed engines – each providing 2 megawatts – with the latest EU Stage V emissions aftertreatment. With these engines, the vessel uses clean fuels, resulting in an overall reduction of 65% of traditional fuel consumption and associated emissions in the tugboat’s overall cycle. The Hydrotug 1 can store 415kg of compressed hydrogen in 6 stillages installed on deck and eliminates the emission’s equivalent of 350 cars per year. 

Press release

JCB unveiled its pioneering hydrogen combustion technology at EXCON

JCB unveiled its pioneering hydrogen combustion technology at EXCON, India’s premier construction equipment trade show taking place in Bengaluru. In its first-ever trade show appearance anywhere in the world, the JCB hydrogen-powered backhoe loader prototype, part of a £100 million investment, was unveiled alongside JCB’s unique hydrogen combustion engine.

Press release

Hexagon Purus receives inaugural order from UK to deliver hydrogen distribution systems worth EUR 3 million

Hexagon Purus has received an order for hydrogen distribution systems from a leading global industrial gas company in the UK. Each system will be able to transport more than 1 ton of hydrogen. The value of the order is approximately EUR 3 million.

Hexagon Purus’ hydrogen distribution systems, including type 4 hydrogen cylinders, now have dual approval for industrial and mobility applications in the UK and Europe. This follows the UK’s departure from the EU and new regulatory requirements in the UK for hydrogen cylinder storage. The systems will carry the UK “Rho” mark, indicating conformity with UK standards, and will also retain the “Pi” mark for use in Europe.

Delivery of the hydrogen systems is scheduled for 2025.

Press release

JERA launched a joint study with NYK Line and Resonac to develop a hydrogen and ammonia supply chain 

JERA Co., Inc has concluded a joint study agreement with NYK Line and Resonac aimed at achieving the world’s first-ever supply of fuel ammonia to ships. 

The agreement provides for a joint study by the three companies aimed at achieving the supply of fuel ammonia to a tugboat with a domestically produced ammonia-fueled engine being researched and developed by NYK Line as a Green Innovation Fund*1 project under Japan’s New Energy and Industrial Technology Development Organization (NEDO).

Press release

GM and Komatsu collaborate on hydrogen fuel cell-powered mining truck

General Motors and Komatsu will co-develop a hydrogen fuel cell power module for Komatsu’s 930E electric drive mining truck, the world’s best-selling ultra-class haul truck. GM, a leader in hydrogen fuel cell technology, and Komatsu, a global manufacturer of mining and construction equipment, will jointly design and validate the technology.

Lightweight and quick to refuel, hydrogen fuel cells are ideal for electrifying applications traditionally powered by diesel engines. Hydrogen provides an effective method to package large quantities of energy onboard the vehicle, without compromising payload carrying capacity.

Additionally, fuel cells provide an excellent zero tailpipe emissions solution for vehicles with extreme hauling requirements, like the Komatsu 930E mining truck, with its nominal payload of 320 tons. These vehicles typically operate at a single mine throughout their life, which simplifies the challenges of sizing and deploying an effective hydrogen refueling infrastructure to service the vehicle fleet.

Press release

Halliburton welcomes a startup developing liquid hydrogen carrier storage technology to its ecosystem

Halliburton Labs announced Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit as the newest participants in its collaborative environment.

“We are pleased to welcome these promising energy startups and provide customized support to help them achieve their specific priorities, accelerate commercialization, and increase valuation,” said Managing Director Dale Winger. “Our experienced practitioners and network will help these companies use their time and capital efficiently.”

Among seven new invited companies is the Ayrton Energy , which is developing liquid organic hydrogen carrier (LOHC) storage technology to enable the large-scale, efficient transportation of hydrogen over extended distances without hydrogen loss and pipeline corrosion. Unlike conventional methods, this storage technology provides a high-density hydrogen storage medium without the need for cryogenics or high-pressure systems. This improves the safety and efficiency of hydrogen storage while enabling the use of existing fuel infrastructure for transportation, including tanks, transport trucks, and pipelines. 

Press release

Westport completed a demonstration of H2 HPDI™ fuel system-equipped prototype truck 

Westport Fuel Systems Inc., announced the successful completion of a heavy transport demonstration with KAJ Inrikes and others, of its H2 HPDI™ fuel system-equipped prototype truck hauling a trailer filled with IKEA home-furnishing products in Älmhult, Sweden. 

This is the second validation of the H2 HPDI system in a heavy haul application with a major fleet in the last 60 days1 and represents an important step in accelerating decarbonization in the heavy-duty transport industry.

Press release

NAMX announces its choice to use Internal combustion engine technology for its inaugural Hydrogen Utility Vehicle 

NAMX, the hydrogen automotive company, announces its choice

to use Internal Combustion Engine (ICE) technology for its inaugural Hydrogen Utility Vehicle (HUV). This strategic move underlines NAMX’s pragmatic approach, combining proven technology with sustainability objectives. It seeks to combine a versatile and functional motorization with controlled manufacturing costs to make premium hydrogen mobility truly accessible.

Choosing ICE technology for hydrogen-powered transportation is in line with market-leading approaches taken by automotive giants. Alongside established firms, NAMX is banking on a proven and time-tested technology that has benefited from decades of investment and continuous enhancements.

Press release

Everfuel collaborates with ITOCHU and Osaka Gas accelerating development of green hydrogen production

Everfuel A/S announced that the company has entered into a strategic collaboration with HyVC ApS (“the Japanese consortium”), a joint venture between ITOCHU Corporation and Osaka Gas Co., Ltd., with the ambition of accelerating development of green hydrogen production and sharing of related technology, know-how and best-practices. The agreement includes a commitment by the Japanese consortium to support a potential future Everfuel equity financing, subject to certain conditions.

Press release

Veidekke: The world’s first asphalt plant on hydrogen

Thanks to a small industrial wonder at Veidekke’s asphalt factory in Kristiansund, 3,000 tonnes of asphalt were produced using hydrogen as the sole energy source. This is the first time in history that asphalt is produced without greenhouse gas emissions, and the plant has been developed in close cooperation with the German industrial group Benninghoven and supported by Enova, the Veidekke announced.

“The asphalt contractors, customers and authorities in Norway have all set tough climate targets. But it is impossible to achieve the necessary reductions with the current focus primarily on electric vehicles and machinery. These account for less than 20% of the total emissions from raw materials, production and laying of asphalt in Norway. The use of hydrogen in the plants alone can reduce overall emissions by 40%, and the environment doesn’t distinguish between direct and indirect emissions,” says Martin Holmqvist, director of Veidekke Asphalt.

Press release

Bilfinger supports Uniper in pioneering hydrogen project in cavern storage facility

Bilfinger has been commissioned by energy company Uniper to provide engineering, procurement and construction management (EPCm) services for a pioneering hydrogen project in the Krummhörn cavern storage facility in Lower Saxony, Northern Germany. 

The aim of this research project is to develop a commercial storage solution for green hydrogen on a large scale. Uniper’s storage facility will be one of the first of its kind and is the second research project to use the hydrogen processing technology “H2DRY” developed by Bilfinger.

Uniper plans to construct a hydrogen storage facility with a capacity of up to 3,000 m3 in a pilot cavern in the former Krummhörn natural gas storage facility and operate it under real conditions.

Press release

Construction of Hynion’s new generation hydrogen refueling station in Västerås has started

The ground was broken for Hynion’s hydrogen refueling station in Västerås. It is the first station in a new generation of hydrogen refueling stations with a capacity of 1,500 kg of hydrogen per day.

As previously communicated, Hynion has been granted a grant of SEK 61.4 million from the Swedish Energy Agency to build two hydrogen refueling stations. In addition to this station in Västerås, with a strategically important location right next to the E18, the second station is to be built in Jönköping, in the Torsvik logistics area next to the E4 south of the city. Both stations are to have a capacity of 1,500 kg of hydrogen per day and are to be completed in the first half of 2024. Completion will be somewhat delayed, among other things due to delays in the delivery of important subsystems to the

Press release


Hy2gen announced the successful acquisition of kiwi AG in Werlte, Lower Saxony, Germany. The acquisition includes what is currently the world’s largest operating power-to-eMethane plant in Werlte. The integration of kiwi AG marks an important milestone for Hy2gen, as it means the internationally active company is now entering into the production of renewable hydrogen and its derivatives, such as renewable natural gas (RNG) and renewable liquefied natural gas (LNG). This also gives Hy2gen access to a pipeline of further projects with a total capacity of 300MW for electrolysis and methanation. Hy2gen now has the opportunity to utilise kiwi AG’s already established industry connections and expand them further in order to maintain its position at the forefront of the renewable hydrogen market.

Established production processes and existing expertise remain essential

Press release

TM Power PLC signed 100MW capacity reservation agreement with Shell Deutschland

 ITM is pleased announced that it has signed a capacity reservation with Shell Deutschland GmbH, under which Shell has secured future production capacity for the manufacturing of company’s state-of-the-art electrolyser stacks.

The reservation covers 100MW of TRIDENT electrolyser stacks to be manufactured in calendar years 2025 to 2026 in relation to the Refhyne 2 project at the Shell Energy and Chemical Plant in Rhineland, Germany, which remains subject to a final investment decision.

Dennis Schulz, CEO ITM, said: “Today’s announcement is yet another validation of our technology and credibility to deliver at scale, providing reassuring recognition by a world-leading industrial customer. The capacity reservation also reflects the upcoming challenge for customers to secure credible large-scale delivery capability within the PEM electrolyser sphere, against a quickly growing demand.”

Press release

John Cockerill completes groundbreaking of the first US alkaline electrolyzer gigafactory in Houston

Continuing its progress in the clean energy sector, John Cockerill announced its entry into the North American market with a new gigafactory in Baytown (Texas), where the Group will operate the first alkaline electrolyzer gigafactory in the United States.

The facility is expected to produce 1 GW per year of electrolyzers, creating 200 jobs and bolstering Houston’s position as a hydrogen hub.

Press release

ReNu Energy Announces Placement to Raise $500,000 to fund  Tasmanian green hydrogen projects

ReNu Energy announced it has received firm commitments for a capital raising of $500,000 (before costs) through the issue of approximately 45.5 million new ReNu Energy shares (New Shares) at an issue price of $0.011 per share by way of placement to professional, sophisticated and other investors to whom no disclosure is required under the Corporations Act 2001 (Cth) (Placement).

The Placement will raise additional funding for ReNu Energy following its 1 for 2.46 pro rata, non- renounceable entitlement offer, which closed on 8 December 2023. The proceeds of the Placement and entitlement offer will be used by ReNu Energy to fund progress of its flagship Tasmanian green hydrogen projects and for general working capital.

PAC Partners Securities Pty Ltd acted as Lead Manager to the Placement.

The New Shares will be issued without shareholder approval, utilising ReNu Energy’s placement capacity under Listing Rule 7.1 and enhanced placement capacity under Listing Rule 7.1A. The expected issue date of the New Shares is 14 December 2023. The New Shares will rank equally with existing ReNu Energy shares.

The Appendix 3B follows.

This announcement has been authorised for release to ASX by the Board of ReNu Energy.

Press release

First certified H2 tank with 700 bar and 350 litres is now approved for on-road use

For hydrogen tanks to be released on the road, the law defines that they must be certified beforehand. In Europe, type approval on H2 tank systems is governed by the regulation UNECE R 134. Now, for the first time, a Type IV 700 bar and 350 litre hydrogen capacity tank has been approved for road use under the guidelines of the United Nations Economic Commission for Europe. The H2 storage vessel Carbon4Tankwith unprecedented dimensions from Voith Composites is ready to be applied in heavy-duty trucks and other commercial vehicles. This is a big milestone for scaling up the zero-emission heavy goods transportation market.

Press release


First Hydrogen Corp. has signed a term sheet with  EV Technologies Inc. to develop a high-power compact battery that is state of the art and designed specifically for hydrogen-powered-fuel-cell vehicles. First Hydrogen and EVT will undertake the preparation  of a commercial partnership agreement outlining technical requirements and investment. First Hydrogen will  own all intellectual property developed during and in relation with the partnership, which shall be used for the  sole purpose of manufacturing the Battery. 

The Company’s engineering team and automotive partners have determined that the new battery system being  developed and designed will have greater efficiency and increased performance for its hydrogen-powered fuel-cell-vehicles (FCEV). The new battery design will integrate with the hydrogen fuel cell in the vehicles for the hydrogen powered vehicle market (FCEV). First

Press release

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