Skip to content

Hydrogenious secures further €17m for its novel hydrogen storage tech

German scale-up Hydrogenious LOHC has raised over €17m from investors to support upcoming hydrogen projects and develop its liquid organic hydrogen carrier (LOHC) technology, which delivers a means for storing hydrogen via a catalytic reaction. The investment will help scale the firm’s LOHC hydrogenation plant at Chempark Dormagen and support the company’s Green Hydrogen @ Blue Danube project, which recently secured €72.5m in funding from the German government and the State of Bavaria. Investors see the LOHC tech as an great addition to the hydrogen supply chain. Kevin Eggers, founding partner at AP Ventures, said, “We believe that Hydrogenious’ … technology is critical to enabling the hydrogen economy.” Christian Knechtel, CEO of project investor Winkelmann Group, said the technology represented a “crucial component” for advancing the global energy transition. … to continue reading this article… Read More »Hydrogenious secures further €17m for its novel hydrogen storage tech

Keel laid for Indonesia’s first FLNG unit

  •  
  • Blog

China-based provider of clean energy services Wison New Energies (WNE) has held the keel laying ceremony for a floating liquefied natural gas (FLNG) unit set to be deployed at a project Malaysia’s investment holding and management player Genting is developing offshore Indonesia. The post Keel laid for Indonesia’s first FLNG unit appeared first on Offshore Energy.

UK Net Zero economy grows to £83bn | United Kingdom

The UK Net Zero economy is worth £83.1bn and 16% larger than the regional economy of the north-east, according to a new Confederation of British Industry (CBI) Energy & Climate Intelligence Unit report. The growing sector accounts for 951,000 full time jobs across 22,800 businesses, representing 2.9% of total UK employment. For every job supported by Net Zero businesses, a further 2.5 are supported in the wider economy, the report notes. The three largest sectors are renewable energy planning database, renewables and waste management and recycling followed by low carbon energy generation, diversion of biodegradable waste from landfill and low carbon consultancy, advisory and offsetting services. Carbon capture is the smallest segment, with 279 companies. West Midlands, Yorkshire & Humberside and south-west region are the largest contributors to the Net Zero economy while Tyne &… Read More »UK Net Zero economy grows to £83bn | United Kingdom

Saipem and Subsea7 unveil merger plan

  •  
  • Blog

Italy’s engineering, drilling, and construction services giant Saipem has signed a memorandum of understanding (MoU) for the possible merger with UK-based energy player Subsea7. The post Saipem and Subsea7 unveil merger plan appeared first on Offshore Energy.

Three bound4blue eSAILs installed on EPS’ tanker

  •  
  • Blog

Spain’s automated wind-assisted propulsion system specialist bound4blue has completed the installation of its suction sails on a tanker vessel owned by Singapore’s Eastern Pacific Shipping (EPS). The post Three bound4blue eSAILs installed on EPS’ tanker appeared first on Offshore Energy.