India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Shell is carrying out a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the supermajor and the Southeast Asian city state.
Sinopec aims to massively expand its hydrogen refuelling network as the state-owned oil giant, which has the potential to become one of the world’s largest hydrogen producers, attempts to carve out a role in China’s transition to cleaner energy.
Losses at clean power technology firm Intelligent Energy have widened to £67.3m for the six months to the end of March as the company looks to refocus on small to medium sized off-grid devices.
AFC Energy has lined up a deal with a global manufacturing partner for the international procurement and manufacture of its leading alkaline fuel cell systems.
BMW AG will test a vehicle powered by hydrogen fuel cells on public roads this month as the German automaker looks to expand clean-car offerings after rolling out the battery-powered i3 in 2013.
The company plans “a technically mature, customer-ready vehicle some time after 2020,” Matthias Klietz, head of powertrain research, told journalists at BMW’s test track in Miramas, France. “By around 2025 to 2030, we expect fuel cell cars to have an established presence, but there are challenges that remain, like building the refueling infrastructure.”
BMW is developing fuel cells with Japanese partner Toyota Motor Corp., and it demonstrated a 5-Series Gran Turismo prototype in Miramas on Wednesday that uses the companies’ joint technology. The model is part of the car industry’s multibillion-dollar effort to create alternative powering setups and improve fuel use to meet tightening emissions rules.