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Siemens to supply electrolysers for Hamburg Green Hydrogen Hub

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Siemens Energy has been contracted to supply and install six electrolyser units for the Hamburg Green Hydrogen Hub (HGHH), which is constructing a 100 MW green hydrogen electrolysis plant at the former Moorburg coal site. The plant, set to be fully operational by 2027, will produce 10,000 tonnes of green hydrogen annually. Siemens Energy will also provide ten years of maintenance, with electrolyser stacks manufactured at its Berlin gigafactory and assembled in Mühlheim and another European location.

In May 2024, Siemens Energy secured a $1.52 billion deal with Energinet to enhance Denmark’s electrical grid and support its renewable energy goals.

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ReNew Energy posts sevenfold rise in Q4 net profit to Rs 610 million

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Renewable energy company ReNew Energy Global reported a net profit of Rs 610 million in Q4 FY24, a sevenfold increase from the corresponding quarter of the previous fiscal. This surge was driven by higher finance income and lower expenses. Despite the profit jump, Q4 revenue fell by 4.4% to Rs 24.78 billion from Rs 25.92 billion in the same quarter last fiscal, due to lower earnings from transmission projects. For FY24, ReNew reported a net…

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Origin Energy to exit hydrogen project in NSW citing slow market development

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Origin Energy has decided to exit the Hunter Valley Hydrogen Hub (HVHH) project in New South Wales due to slower-than-expected hydrogen market development. CEO Frank Calabria explained that while hydrogen has potential in the future energy mix, current market challenges, including input costs and technology advancements, are hindering progress. The HVHH, announced in 2022 in partnership with Orica, was designed to replace natural gas with hydrogen in ammonia production and provide cleaner transport fuel. Despite…

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Ohmium partners with SwitcH2 for offshore green hydrogen and ammonia project

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Ohmium International has signed a term sheet with SwitcH2 BV, a renewable energy joint venture involving BW Offshore, to develop PEM electrolyser systems for a 300 MW offshore floating green hydrogen and ammonia synthesis project. The agreement involves the supply of 300 MW PEM electrolyser solutions, which will be installed on SwitcH2’s 268-meter FPSO vessel. The electrolysers will harness solar and wind energy, combined with treated seawater, to produce green hydrogen. This hydrogen will feed…

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Odisha government disburses Rs 1.54 billion in EV subsidies since FY 2022-23

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The Odisha government has provided a total of Rs 1.54 billion in subsidies to electric vehicle (EV) owners since the 2022-23 financial year, according to Transport Minister Bibhuti Bhusan Jena. The sale of EVs in the state has shown a significant increase since the subsidy initiative began on September 1, 2021. In 2022-23, the state disbursed Rs 0.088 billion in subsidies for 14,182 EVs, and this rose to Rs 0.572 billion for 36,518 registered EVs…

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Four qualify for twin Bikaner ISTS-TBCB schemes in Rajasthan

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Four companies—Power Grid Corporation of India Ltd (PGCIL), Sterlite Power, Adani Energy Solutions Ltd (AESL), and Tata Power—have qualified to submit initial price bids for two independent transmission schemes aimed at evacuating renewable energy (RE) from Rajasthan’s Bikaner Complex. These bids are part of the tariff-based competitive bidding (TBCB) process coordinated by REC Power Development & Consultancy Ltd (RECPDCL). The two schemes, under the overarching Rajasthan REZ Phase-IV project, are being bid out separately and…

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JinkoSolar’s expansion into Saudi Arabia

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JinkoSolar has formed a joint venture (JV) with a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries Company (VI) to establish a new factory in NEOM’s Oxagon city. This USD1 billion investment aims to pioneer digitalization and sustainability by producing 10 GW of TOPCon solar cells and modules annually. Slated for completion in 2026, the facility will be powered entirely by green energy and is expected to set a benchmark with the…

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