Charlie Currie

2 days ago | h2-view.com | Edward Laity |Charlie Currie

US green hydrogen tech firm Plug Power has asked shareholders to approve more authorised shares and a potential reverse stock split to ensure it can continue to fund operations and grow as a company. The move comes shortly after Plug logged over $970m in non-cash impairments and new cost-cutting measures in response to slow hydrogen market development and mounting financial challenges.

2 days ago | h2-view.com | Edward Laity |Charlie Currie

Ballard Power Systems will supply 1.5MW of hydrogen fuel cell engines for use on locomotives managed by Sierra Northern Railway. Under the agreement, 12 Ballard FCmove-XD engines will be supplied to the Californian operator to convert three diesel switching locomotives to hydrogen-fuelled, zero-emission solutions. Ballard’s modules are specifically designed for heavy-duty applications. The Canadian firm said they offer high reliability, durability, efficiency and power density.

2 days ago | h2-view.com | Edward Laity |Charlie Currie

Cleveland-Cliffs has officially abandoned its $500m hydrogen-based steel project in Middletown, Ohio, and shifted focus to extend the life of its coal-fired blast furnace. CEO Lourenco Goncalves told investors last month that the company could shift away from hydrogen and revert to greater reliance on fossil fuels at its steel decarbonisation project, citing a lack of support from the Trump Administration.

2 days ago | h2-view.com | Dominic Ellis |Charlie Currie |Edward Laity

Global energy investment is projected to hit a record $3.3 trillion in 2025, with low-emission fuels such as hydrogen playing a prominent role, according to new research from the International Energy Agency (IEA). Investment in clean technologies – renewables, nuclear, grids, storage, low-emission fuels, efficiency and electrification – is the main driver, and will account for $2.2 trillion. Solar PV continues to attract more capital than any other technology.

2 days ago | h2-view.com | Edward Laity |Stephen Harrison |Charlie Currie

AFC Energy has agreed to jointly develop a range of small to large-scale ammonia-to-hydrogen crackers with an undisclosed US industrial firm. Under the terms of a joint development agreement (JDA), UK-based AFC Energy will get its development costs paid back by the industrial partner. Once certain key project steps are completed, the partnership is expected to start generating significant revenue for AFC Energy, commencing in 2027.