Norwegian-based HydrogenPro has today (August 15) announced net profits of NOK 6m ($571,550) in its Q2 2023 results, up from a net loss of NOK 9m ($857,300) in the first quarter of the year.
Green hydrogen electrolyser developer Advanced Ionics will receive $12.5m in Series A financing led by bp ventures.
Chart Industries has signed a Memorandum of Understanding (MoU) with 8 Rivers to collaborate and identify commercial opportunities within the hydrogen industry.
Ballard Power Systems has reported narrowing losses in its Q2 2023 results, with net losses falling to $30.1m in the quarter, while its revenue fell by 27%.
Local Chinese media has reported that Yunnei Power has announced it has won a CNY 1bn ($138.7m) contract to support what could be the ‘world’s largest’ hydrogen energy storage project.
Plug Power has reported net losses grew to $236.4m in Q2 2023 while recording its largest quarterly revenue of $260.2m.
Tarjei Johansen has stepped down as CEO of HydrogenPro with immediate effect as the Norwegian electrolyser manufacturer seeks “alternative ways” of financing its US expansion and focuses efforts on North America.
HydrogenOne’s portfolio valuation rose 2.6% in the second quarter to £120.5m as it reported eight of its 10 private investments are now generating revenues.
Abu Dhabi Future Energy Company PJSC (Masdar) has completed issuing its first green bonds for $750m 10-year senior unsecured Notes on the London Stock Exchange (LSE).
Nikola has announced its surpassed 200 sales orders for its Class 8 hydrogen-powered fuel cell electric vehicles (FCEV) through its HYLA brand.
