John Cockerill Hydrogen, ADNOC and Strata Manufacturing to boost UAE’s H2 economy
The Ministry of Industry and Advanced Technology has facilitated a Strategic Collaboration Agreement between ADNOC, John Cockerill Hydrogen and Strata Manufacturing, aiming to manufacture electrolyzers in the UAE for local use and for export, announced at the Make it in the Emirates forum in Abu Dhabi.
NEOM Green Hydrogen Company completes $8.4-B financial close
NEOM Green Hydrogen Company announced that after signing financial documents with 23 local, regional and international banks, and investment firms, it has now achieved financial close on the world’s largest green H2 production facility at a total investment value of $8.4 B.
ACWA Power expands sustainable energy portfolio in Uzbekistan with green H2 agreements
ACWA Power has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand, marking a major milestone to advance Uzbekistan’s target to decarbonize 35% of its energy sector by 2030.
Ohmium closes $250-MM Series C Fundraise led by TPG Rise Climate
Ohmium International announced the closing of a $250-MM Series C growth equity financing. The round was led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise and included participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group.
H2Tech: Global Projects Data
Total active H2 projects have increased by nearly 100 month-over-month (March–April), according to Gulf Energy Information’s Global Energy Infrastructure (GEI) database. With nearly 50% market share, Western Europe continues to account for most H2 projects under development, followed by the Asia-Pacific region (22%) and the U.S. (13%).