Hydrogen refuelling firm Cavendish reports 38% Q1 revenue drop
“Q1 order intake has been lower than anticipated. The current uncertainty in market conditions persists, particularly in the US.”
“Q1 order intake has been lower than anticipated. The current uncertainty in market conditions persists, particularly in the US.”
The undisclosed transaction was closed with immediate effect, transferring nZero’s offices in Ellesmere Port, as well as sites in Staffordshire and Bristol, to Bilfinger.
Of the total $10.76bn in planned capital expenditure, $2.1bn is earmarked for low-carbon businesses and $1.67bn for decarbonisation efforts, but hydrogen is absent from any detailed investment breakdown.
Eleven hydrogen production, storage and transportation projects across the country are set to receive a share of £3.4m in funding from the government.
ACM suggests the Dutch government could ease financial pressure on hydrogen transport by offering subsidies or loan guarantees to support infrastructure development.
The facility will run for six months and is intended to help fund the build-out of Charbone’s green hydrogen production projects.
“Green hydrogen development isn’t at scale,” said CEO Sanjiv Lamba. “[Therefore] in our project portfolio, there’s a very small percentage related to renewable hydrogen.”
CPH2 posted a £14.4m loss in 2024, with cash reserves falling to £300,000 from £8.5m the previous year. The company warned that it will need further funding to remain operational.
The financed asset portfolio includes two operational sites in Buléon and Schwäbisch Gmünd and two under construction in Isére and Somme.
“HyLion’s modular nature means that the same principles – integrating renewable energy, secure CO2 supply, and advanced digital monitoring – can be replicated in different contexts or sectors.”
