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H2X Global, an Australian hydrogen-powered vehicle manufacturer, is looking for an Australian private market investor to cornerstone an AUD 10m (USD 6.8m) funding round that is being conducted in the UK, CFO Michelle Reynolds said. The Sydney-based company will use the round to test the UK market, where it plans to list next year if the current raising is successful and market conditions improve by then, Reynolds said.

Australian company H2X Global is growing its business in Scandinavia with the latest contract it has secured for AU$34 million ($23 million) to supply hydrogen fuel trucks to Renova AB, a waste management company based in the west of Sweden.

Pure Hydrogen (ASX: PH2) investee company H2X Global has received a $34 million order for its hydrogen fuel cell-powered trucks under an existing contract with Swedish waste management company Renova AB.

Together, the companies will establish commercial fleets of hydrogen-powered vehicles and the necessary infrastructure to keep them running.H2X Global has already secured orders for several commercial hydrogen vehicles in Gothenburg, and with Hynion’s network of hydrogen refuelling stations set to expand in the near future, the partnership is sure to make a huge impact on the market.

H2X Global, a Sydney-based hydrogen fuel cell vehicle manufacturer, has won its second contract with Swedish municipal garbage business Renova AB worth up to 240 million SEK (AUD 34.3 million) to supply commercial vehicles for the city of Gothenburg

H2X has secured a deal to supply up to 37 hydrogen fuel cell-powered trucks to a company called Renova, which collects waste for local councils in Gothenburg, Sweden’s second-largest city. The contract is worth up to $US23 million ($34 million), with the trucks to be progressively supplied for the next three years.

Australia’s first commercial-scale green hydrogen project is set to commence production in late 2024 following the recent acquisition of Northam Solar Farm in Western Australia by Infinite Green Energy (IGE).IGE has partnered with South Korean construction and engineering company Samsung C&T to build the Northam Hydrogen Project (MEG HP1), 100km northeast of Perth, which has already completed front-end engineering and design.

Infinite Green Energy, an Australian green hydrogen company, plans to raise AUD 120m to AUD 150m (USD 102.3m) via an initial public offering (IPO) in 2H23, CEO Stephen Gould said.The Perth-based company, which is developing renewable hydrogen projects and was previously known as Infinite Blue Energy, is currently owned by high net-worth individuals and some institutional investors, he noted. The CEO would not comment on which bourse the company plans to list on yet, or how much of a stake will be floated in the IPO.

South Korean giant Samsung C&T has thrown its weight behind the plans of Australian hydrogen hopeful Infinite Green Energy to develop and build what could be the nation’s first commercial-scale green hydrogen project in Western Australia.

If the two people made redundant by Fortescue Metals Group on Thursday had gone straight to their LinkedIn accounts to search for a new job, they would have found their former employer recruiting at a rapid pace.

Western Australian clean energy developer Infinite Green Energy will partner with South Korean industrial conglomerate Samsung C&T to develop and build a commercial-scale green hydrogen project that will leverage the existing 11 MW Northam Solar Farm east of Perth.

But Infinite Green chief executive Stephen Gauld said the company was in the process of bringing multiple partners into the Northam project, which would reduce its ownership stake to closer to 40 per cent.Samsung will be the first of those partners. It is set to acquire a stake of undisclosed size for an undisclosed sum.

Twelve Australian fossil fuel companies have been dubbed “the Dirty Dozen” in a damning Climate Council report, which says they have collectively emitted 287 million tonnes of CO2 since 2016.

A group of 12 Australian fossil fuel companies have been dubbed ‘the Dirty Dozen’ in a damning Climate Council report, stating they have collectively emitted 287 million tonnes of CO2 since 2016.

In 2022, hydrogen kept its place as an important piece of the “global net zero emission by 2050” puzzle – and built some momentum.

In 2022, hydrogen upheld its momentum as an important piece of the global net zero emission by 2050 puzzle.

Following the completion of Infinite Green Energy’s (IGE) acquisition of Perth’s Northam Solar Farm and signing of its first offtake contract, Australia’s first commercial-scale green hydrogen project is planned to commence production in the last quarter of 2024.The completion of the $8 million Northam deal, funded by debt and investor capital, will allow IGE to leverage the 11MW solar farm to produce four tonnes a day of renewable hydrogen via electrolysis.