Morocco approves $32.7bn for six hydrogen-based projects
Morocco will offer the projects up to 30,000 hectares of land, attracting global investors such as Moeve, ACWA Power and Ortus.
Morocco will offer the projects up to 30,000 hectares of land, attracting global investors such as Moeve, ACWA Power and Ortus.
Located in Frankfurt, the plant is expected to produce up to 2,500 tonnes of hydrogen-based e-fuels per year.
Apus unveiled its four-seater hydrogen fuel cell aircraft last year, with test flights planned for this year and certification targeted for 2027.
The CID has received mixed reactions, with Hydrogen Europe criticising its electrification focus and CATF cautioning that success depends on implementation.
“We’ve been clear in our recent strategy reset announcement that we’re focused on high-graded projects in hydrogen and carbon capture, prioritising 5-7 projects for this decade,” BP told H2 View. “Therefore, we are no longer...
Having never logged a profit in its 28-year history, the company sits on an accumulated deficit of $6.6bn.
CEO Marko Virkebau said, “This funding gives us firepower to execute our roadmap, enhance our production capabilities, and provide our customers with electrolysis technology that allows significant cost-down on the price of green hydrogen.”
The MRNE has said 37 hydrogen fuel cell and ICE-powered vehicles will be tested, and up to nine refuelling stations could be installed.
Last month, the hydrogen refuelling firm revealed it will make around 45% of its global workforce redundant in Q1 2025 due to market delays.
Nel described the new technology as a “fundamental redesign” of its previous pressurised systems, offering higher efficiency to lower OPEX and faster response times for seamless integration with renewables.
