Green hydrogen is on everyone’s lips right now. It seems there’s a perfect storm of government incentives, technological advancements and hope converging to hype the fuel source to new levels.
Fusion Fuel (NASDAQ: HTOO) announced today that the company has signed a ten year contract with European developer Hydrogen Ventures Ltd. for thirty tonnes of green hydrogen per annum to be produced at the company’s projects in Evora, Portugal.
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Ambitious targets for Iceland to become carbon neutral by 2040 are a step closer today after the announcement of plans for an exciting new project harnessing the power of hydrogen to fuel transportation.
Estimated at a total investment volume of EUR 100 million, Hydrogen Ventures plans to set up hydrogen production facilities at the Reykjanes geothermal power plant of HS Orka in Iceland.
Icelandic utility company HS Orka and Hydrogen Ventures have announced plans to develop a production plant for green methanol using green hydrogen to power the marine sector, as well as domestic and commercial vehicles such as cars, vans and lorries.
HS Orka and Hydrogen Ventures announce plans for a green hydrogen project with an initial phase of 30 MW.
The project seeks to develop a plant for the production of green methanol from green hydrogen to fuel the marine sector, as well as private and commercial vehicles.
HS Orka and Hydrogen Ventures are spearheading the hydrogen revolution in Iceland.