News

• Hydrogen electrolyser projects in development globally total 1.2 TW, with a staggering 55.2 GW of new projects added in the last six months alone, according to Aurora’s global electrolyser database. While Europe remains a hotspot, projects show global momentum.
• 90% of projects are categorised as early stage, while approximately 130–140 GW are advanced-stage developments.  The projects involving Final Investment Decisions (FIDs) amount to approximately 15 GW, about 12% of the global operational or under-construction capacity.
• European hydrogen production relies on electrolysers, set to surpass 50% of capacity by 2030 and 80% by 2040. However, the projected 35 GW installed capacity by 2030 falls 76% short of EC targets due to high costs and uncertain agreements, delaying investments.
• The cost of hydrogen production across European countries ranges from 4–20 €/kg, Aurora assesses. The Nordics and Spain emerge as offering the most cost-effective hydrogen, with baseload production in Spain mitigating intermittent cost increases by 2–3-fold.

The services will pertain to financial advisory for project development in Köping Hydrogen Park and will be provided by the European Investment Bank (EIB) free of charge.

Gen-Hy, a French start-up offering innovative solutions for the production of green hydrogen, is launching an industrial test bench that provides a complete and accurate analysis of the lifespan of electrolysis stacks (hydrogen generators) and their components.

Oslo– (HYON; OSE: HYON) Reference is made to the stock exchange announcement by Hyon AS (the “Company”) on 16 April 2024 regarding the Company’s extraordinary general meeting resolution to issue 156,647,596 new shares (the “New Shares”) and to change the Company’s name and purpose in order to complete the transaction with Blue Concept Ltd. announced by the Company on 31 March 2024 (the Transaction”).