The South Korean government will support the development and construction of an approximately $15bn hydrogen reduction ironmaking project in Pohang, Fuel Cells Works reports.
The government will take measures to shorten required administrative procedures for steelmaker Posco’s plant by 11 months, and has lifted its financial commitment to the project from $4.4bn to $6.6bn, the item notes.
The Alberta Investment Management Corporation, part of a consortium of investors in the ACES Delta hydrogen project, has established a $1bn funding pool dedicated to the energy transition and decarbonization.
A Florida-based hydrogen liquefaction and storage provider is in the middle of a Series A capital raise and has identified a financial advisor for a larger Series B.
Proceeds will allow the firm, Talus, to ramp production of its green ammonia technology, with deliveries set for later this year.
An Australian fuels producer and concentrated solar power developer partnered with German and US fossil interests is developing its first US clean fuels project in Texas, and is looking for development partners with eyes on the greater southwest.
A de-SPAC deal and associated capital raise for a hydrogen technology and project development firm are still on track to close this year, despite this year’s busted SPAC deals and sagging hydrogen public market performance.
An early-stage technology provider targeting clients in hard-to-abate industries is engaging investors and financial advisors to raise a seed round, with sites on a Series A in 2025.
