Europe’s biggest utility Enel is set to launch a green hydrogen business next year to speed up its plans to become a carbon-free power producer by 2050.
"First, we need to activate a virtuous circle of increased supply and demand for hydrogen, boosting demand in end uses, like industrial applications and transport, and investing in developing electrolysers with greater capacity. Part of this is bringing down the cost of clean hydrogen to make it competitive. For this, we need more and cheaper renewable energy, and an efficient…
...JBIC's investment in FEF is intended to support the overseas expansion of these Japanese companies as well as to contribute to maintaining and enhancing the international competitiveness of Japanese industry.
Japan’s Mitsui has invested $25m in California’s biggest hydrogen station developer and operator FirstElement Fuel (FEF).
The Germans have woken up to hydrogen's potential due to several factors. First, the availability of large quantities of cheap electricity due to the installment of wind turbines and solar panels improves the business case for green hydrogen. Second, Germany requires green hydrogen to decarbonize its industry. Thirdly, Berlin is aware of the watershed moment and the potential to become…