H2 Green Steel has received support from leading European financial institutions for its €3.5bn debt financing which will help finance the construction of its hydrogen-powered green steel plant in Northern Sweden.

H2 Green Steel has executed conditional commitment letters for €3.3bn in senior debt with AB Svensk Exportkredit (SEK) and the commercial banks BNP Paribas, ING, UniCredit, Societe Generale and KfW IPEX-Bank.

The European Investment Bank has received board approval for €750 million of senior debt funding for the H2 Green Steel project.

Construction machinery manufacturer, JCB on Friday (October 21) unveiled its mobile hydrogen refueller, which it says comes as a first for the industry.

Having already showcased working hydrogen-powered prototypes of a backhoe loader, and a loadall telescopic handler, as the company invests €100m in developing ‘super-efficient’ hydrogen engines, the refueller hopes to meet the needs of potential hydrogen customers in the future.

Linde Engineering and Fountain fuel are jointly driving hydrogen mobility in the Netherlands.

Linde Engineering signed a contract with Fountain Fuel for the supply of three hydrogen refuelling stations for the Netherlands. The technology is at the heart of Fountain Fuel’s first three zero-emission energy stations, which are expected to open in late 2023. The first opening takes place in Amersfoort, followed by Rotterdam and Nijmegen.

UK government launches plan for a world-leading hydrogen economy.

First-ever vision to kick start world-leading hydrogen economy set to support over 9,000 UK jobs and unlock £4 billion investment by 2030.

The projects are expected to create employment for 41,448 people, an official release said. Among the 11 projects that got approval, eight are new and three are additional projects, it said.