Latest news with #hydrogen
Yahoo
a day ago
- Business
- Yahoo
FuelCell Energy and CGN Reach 10 MW Repowering Agreement, Signaling Market Momentum
CGN to purchase eight fuel cells and maintenance services from FuelCell Energy DANBURY, Conn., July 30, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and CGN-Yulchon Generation Co., Ltd. (CGN), a leading Independent Power Producer (IPP) in South Korea, have signed an agreement for the purchase of fuel cells and maintenance services. The agreement with another major generation company underscores FuelCell Energy's position as a utility-scale electric power producer. Under the terms of the agreement, FuelCell Energy will provide CGN-Yulchon with eight of its advanced carbonate fuel cell modules and comprehensive operations and maintenance services for four fuel cell units at the utility's Yulchon's Gwangyang facility. Each fuel cell unit consists of two fuel cell modules. The seven-year agreement includes an option for extension beyond the initial seven-year term. The CGN-Yulchon facility, dedicated primarily to electric power generation, transmission and distribution, operates four of FuelCell Energy's 3000 Carbonate Fuel Cell Systems, each producing 2.5 megawatts of low carbon baseload power, alongside 1.5GW of conventional gas turbine capacity. The project will enhance the performance and extend the operational life of the four installed units, aligning with CGN's decarbonization goals and South Korea's Hydrogen Economy Roadmap. The agreement deepens FuelCell Energy's strategic footprint in one of Asia's most advanced fuel cell markets. With the CGN agreement now in backlog—alongside Gyeonggi Green Energy and Noeul Green Energy— FuelCell Energy is demonstrating clear momentum in repowering utility-scale assets and further solidifying its leadership in the region's clean energy transformation. FuelCell Energy is the only fuel cell provider delivering utility-scale power and steam, with applications in district heating and industrial processes. This technology offers a proven scalable, clean energy platform that helps to secure electric grids and support the surging demand for power to fuel data center growth. 'This agreement reflects our continued momentum in the Korean market and our ability to deliver reliable, high-performance fuel cell solutions that meet the evolving needs of our partners,' said Jason Few, President and CEO of FuelCell Energy. 'We are proud to support CGN-Yulchon's critical baseload power operations and to contribute to Korea's ambitious clean energy and electrification agenda.' He added, 'FuelCell Energy's technology is at the vanguard of meeting the world's growing need for electricity by providing high-efficiency, low-emission baseload power.' FuelCell Energy's business in Korea validates its position as the only fuel cell provider delivering utility-scale power and steam, with applications in district heating and industrial processes. The company has operated a dedicated service team in Korea since 2018 and currently supports more than 100 megawatts of installed capacity across the country. The company's LTSA model includes 24/7 monitoring, on-site technical support, and preventative maintenance, ensuring optimal performance and uptime for its customers. This proven, scalable platform gives data center developers and other high-demand energy users confidence in a clean energy solution that's already operating—some for nearly a decade. About FuelCell Energy FuelCell Energy, Inc. provides clean, reliable future-ready solutions that allow customers to access power faster and manage their emissions while keeping their operations running. Our efficient, scalable, and fuel-flexible systems—running on natural gas, biofuels, or hydrogen—provide steady baseload, grid-independent electricity worldwide. With more than 55 years of expertise and nearly 200 modules deployed, we help customers achieve their immediate and future energy goals. Learn more at Contact:FuelCell Energy Investor Relationsir@ FuelCell Energy Media Relationskblomquist@
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Asahi Kasei to Supply 1 MW-Class Alkaline-Water Electrolyzer to Hydrogen Project in Finland
Diversified global manufacturer Asahi Kasei will supply its Aqualyzer™-C 3 containerized 1 MW-class alkaline-water electrolyzer to the Central Finland Mobility Foundation (Cefmof). The system will play an essential role in Central Finland's hydrogen production and contribute to the region's decarbonization efforts. Full operation is expected to begin in the first half of 2026. This press release features multimedia. View the full release here: Having launched its chlor-alkali electrolysis business in 1975, Asahi Kasei leveraged its technology and expertise to develop water electrolysis systems for hydrogen production. In 2020, the company installed its large-scale 10 MW-class Aqualyzer™ electrolyzer at the Fukushima Hydrogen Energy Research Field (FH2R) in Namie, Futaba, Fukushima, Japan. Following the success of the FH2R project, Aqualyzer™-C 3 was added to its portfolio in 2024 as a small-scale, containerized system in the range of 1 to 7.5 MW. This allows Asahi Kasei to meet emerging diversified needs of customers across the entire hydrogen market, with significant growth expected. Cefmof is a foundation that accelerates the development of sustainable mobility and urban planning by harnessing green hydrogen — particularly in ways that are tangible and visible in people's everyday lives. It was established by the City of Jyväskylä, TOYOTA GAZOO Racing World Rally Team, and the Toyota Mobility Foundation. The foundation supports projects such as hydrogen-powered transport and related infrastructure. Cefmof plans to use fuel cell vehicles and hydrogen buses, serving as a case model for the potential of hydrogen utilization in cold climates and the mobility industry. Easy scalability to meet growing demand For the reliable and efficient supply of hydrogen, Cefmof chose Asahi Kasei's container-type Aqualyzer™-C 3 with a capacity of 1 MW. The installation in Jyväskylä is expected to commence towards the end of 2025, aiming for full-scale operation in the first half of 2026. The system will be able to produce enough hydrogen in an hour to refill approximately three fuel cell vehicles (FCVs). The containerized modular design allows for gradual expansion of production capacity through the connection of additional units, allowing for flexibility in meeting future increases in hydrogen demand. 'With this project, our hydrogen-related business has moved fully into the commercialization phase,' noted Kenji Takeda, Executive Officer of Asahi Kasei responsible for Business Development of its Green Solution Project. 'We will work with our partners to demonstrate the reliability of our alkaline water electrolysis system through installation in extreme cold-climate environments and contribute to the decarbonization of the Central Finland region. We are proud to be a one-stop supplier providing support from installation to hydrogen production operations.' 'This project will be a key part of the emerging green hydrogen ecosystem in Central Finland and highlights Cefmof's long-term commitment to building a carbon neutral future in the region,' says Haruka Arai, Executive Director of Cefmof. 'This development supports the practical realisation of a functioning hydrogen refueling infrastructure in Jyväskylä.' As part of its medium-term management plan, Asahi Kasei positions its hydrogen-related business as an area of Growth Potential and is making investments toward full-scale commercialization. By leveraging intangible assets such as the customer base and technologies that have been cultivated through its existing chlor-alkali business using ion-exchange membranes, the company is steadily advancing initiatives, including collaborations with a variety of partners. About Asahi Kasei The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 50,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world's challenges through its three business sectors of Healthcare, Homes, and Material. For more information, visit
Associated Press
a day ago
- Business
- Associated Press
Primary Hydrogen Provides Update on Wicheeda North Rare Earth Exploration Program
CALGARY, AB / ACCESS Newswire / July 30, 2025 / Primary Hydrogen Corp. (TSXV:HDRO)(FRA:83W0)(OTCQB:HNATF) ('Primary' or the 'Company') is pleased to provide an update on the exploration program at the Wicheeda North Project (the 'Project') in British Columbia. The current field program comprises soil and soil-gas sampling, alongside a property-wide geophysical surveying campaign. Field crews are mobilizing to commence on-site sampling, with geophysical surveys to follow. The Company has also submitted a Notice of Work to the Government of British Columbia for a multi-year exploration program including drilling, trenching, and associated access work. The application permits up to 70 drill pads, 2,000 metres of trenching, and necessary site preparation to support ongoing exploration activities. 'We are excited to rapidly advance our exploration efforts at Wicheeda North with the launch of fieldwork in the coming days,' said Benjamin Asuncion, CEO of Primary Hydrogen Corp. 'We have also initiated the permitting process, which lays the groundwork for an aggressive drill campaign upon approval. Given the Project's proximity to a more advanced-stage rare earth project and the growing strategic interest in rare earth elements, we believe Wicheeda North represents a compelling opportunity.' Summer Exploration Program The 2025 exploration program (the 'Program') is focused on evaluating both the natural hydrogen potential and rare earth element (REE) prospectivity of the Project. Phase one includes soil and soil-gas sampling, along with property-wide geophysical surveying that builds upon earlier exploration work. The Program will extend soil sampling across key target zones identified through historical magnetic and geochemical anomalies. In addition, an airborne electromagnetic (EM) survey will be flown over the southern portion of the property - an area not previously covered - which overlaps with historical prospecting targets and may represent a logical zone for future expansion. Wicheeda North is situated within a geological belt known to host carbonatite-related REE mineralization, such as the Main Zone of the adjacent Wicheeda Rare Earths Project located approximately 5 km to the southeast. The Wicheeda Rare Earths Project, owned by Defense Metals Corp., adjoins Wicheeda North to the southwest and is host to a NI 43-101 compliant measured and indicated resource [1] of 29.3 Mt grading 2.27% total rare earth oxide (TREO), plus an inferred resource of 5.7 Mt grading 1.4% TREO. The Wicheeda North Project consists of nine contiguous mineral claims covering approximately 2,138 hectares (21.1 km²) within the northern Cariboo Mining Division. The Project lies within the Rocky Mountain Trench, a regional structural corridor recognized for hosting carbonatite intrusions. Historical work has outlined seven geophysical and geochemical targets defined by sub-circular to elliptical magnetic anomalies and elevated rare earth element concentrations in soil and rock samples, where available. Two key targets [2], Grid A and Grid D, were highlighted using the 99th percentile of REE concentrations and are interpreted to reflect potential REE sources. These areas will be the initial focus of expanded soil sampling and geochemical analysis to better delineate mineralized trends. Concurrent geophysical surveys will extend coverage into the southwestern portion of the Project area. The scientific and technical information in this news release has been reviewed and approved by Peter Lauder, Vice President of Exploration for Primary Hydrogen and a Qualified Person under National Instrument 43-101. About Primary Hydrogen Corp. Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 230 square kilometers across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, and Cogburn projects. Primary also holds the Arthur Lake copper project in British Columbia and has an option to acquire a 75% interest in a hydrogen-REE project known as Wicheeda North, also located in British Columbia. FOR FURTHER INFORMATION PLEASE CONTACT: Ben Asuncion Chief Executive Officer Primary Hydrogen Corp. Email: [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements regarding the Company's planned exploration activities at the Wicheeda North Project, including soil and soil-gas sampling, geophysical surveys, trenching, and drilling; the receipt of permits; the geological potential of the Project; and the relevance of nearby advanced-stage projects. These statements are based on a number of assumptions, including the availability of capital, receipt of required permits, favorable weather and logistical conditions, and the accuracy of historical data. Forward-looking statements are subject to risks and uncertainties, including operational challenges, regulatory delays, changes in market conditions, and the possibility that exploration results may not confirm geological expectations. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking information to reflect subsequent events or circumstances. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. [1] Wicheeda Rare Earths Project PFS. (2025, April 4). NI 43-101 Technical Report. Effective date: February 28, 2025. [2] Lane, R. A. (2023). National Instrument 43-101 Technical Report: Wicheeda North Rare Earth Element Project, British Columbia, Canada. Power One Resources Primary Hydrogen Corp. press release
Zawya
2 days ago
- Business
- Zawya
Oman: Pact signed to develop natural hydrogen value chain
MUSCAT - Sohar Port and Freezone has signed a Memorandum of Understanding (MoU) with HYNAT SA, a pioneering Swiss company specialised in the research, exploration, and exploitation of hydrogen, to advance the development of a comprehensive natural hydrogen value chain in the Sultanate of Oman. This partnership marks a significant step toward establishing a robust hydrogen ecosystem in SOHAR, with a focus on natural hydrogen as an emerging low-carbon energy source. The collaboration will focus on the identification and assessment of natural hydrogen production areas, development of logistics corridors, and the creation of dedicated storage and processing infrastructure. It will also encompass demand mapping across industry, mobility, and logistics, while exploring export potential for this low-carbon energy source. The agreement builds on an earlier MoU signed between HYNAT and the Ministry of Energy and Minerals (MEM) in February 2025, which granted HYNAT the rights to conduct feasibility studies. The joint roadmap includes defined operational targets, and a development timeline aligned with Oman's broader clean energy transition strategy. Emile Hoogsteden, CEO of SOHAR Port, commented: 'This agreement reinforces SOHAR Port and Freezone's commitment to advancing Oman's clean energy vision by supporting the exploration and development of natural hydrogen. Through this partnership with HYNAT SA, we are laying the foundation for a future hydrogen economy, positioning SOHAR as a key gateway for low-carbon solutions and sustainable industrial growth. Stéphane Aver, Chairman of HYNAT SA, said: 'The signing of this agreement demonstrates our commitment to further developing natural hydrogen as a renewable and low-carbon resource. Together with SOHAR Port and Freezone, we aim to accelerate the energy transition and unlock a new pillar of economic value and sustainability.' SOHAR Port and Freezone continues to play a leading role in supporting Oman's Vision 2040 by promoting investments in renewable energy, industrial decarbonisation, and sustainable logistics. With HYNAT SA's advanced geological expertise and cutting-edge AI-powered detection technologies, this partnership is set to explore the untapped potential of natural hydrogen as a critical component of the global energy mix. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Yahoo
3 days ago
- Automotive
- Yahoo
The Smartest Green Energy Stocks to Buy With $100 Right Now
Key Points Nio's sales of battery-swappable EVs are surging in China and Europe. Plug Power could grow rapidly again as the hydrogen market recovers. Cameco's dominance of the uranium market makes it a top nuclear play. 10 stocks we like better than Nio › Over the past decade, many countries prioritized the development of renewable energy solutions to curb their greenhouse emissions. From 2025 to 2033, Grand View Research expects the global renewable energy market to keep expanding at a compound annual growth rate (CAGR) of 14.9% as that secular trend continues. That expansion is generating tailwinds for many green energy companies, but it can be tough to separate the winners from the losers in this fragmented market. So today, I'll take a closer look at three promising companies in the electric vehicle (EV), hydrogen, and nuclear markets: Nio (NYSE: NIO), Plug Power (NASDAQ: PLUG), and Cameco (NYSE: CCJ). All three of these stocks are speculative, but they might just churn a modest $100 investment into thousands of dollars over the next few years. The EV play: Nio Nio is a major Chinese EV maker which is gradually expanding into Europe. It differentiates itself from its competitors with its removable batteries, which can be quickly swapped out at its power swap stations across China and Europe. Its drivers can pay for those battery swaps individually or pay a monthly fee for lower rates. Nio's namesake brand sells higher-end sedans and SUVs. Its newer Onvo and Firefly sub-brands sell cheaper SUVs and compact cars, respectively. From 2020 to 2024, Nio's annual deliveries rose more than fivefold, its revenue grew at a CAGR of 42%, and its number of year-end battery-swapping stations jumped from 155 to 3,445. Most of its recent growth was driven by brisk sales of Nio's higher-end sedans, its gradual growth in Europe, and the recent launches of its Onvo and Firefly vehicles. From 2024 to 2027, analysts expect Nio's revenue to grow at a CAGR of 26% as it continues to grow its market share in China and disrupt the European market. It isn't profitable yet, but it's growing at an impressive rate for a stock which trades at less than one times this year's sales. The hydrogen play: Plug Power Plug Power is the world's largest pure play hydrogen charging and storage company. It mainly provides hydrogen fuel cells and charging stations for warehouse forklifts, and its top customers include Amazon and Walmart. It's already deployed more than 70,000 fuel cell systems and over 250 fueling stations across the world. In 2024, Plug Power's revenue plunged 29% as its net loss widened. That decline was caused by the challenging macroheadwinds, which throttled the market's demand for new hydrogen-charging projects, and tough year-over-year comparisons to two big acquisitions (which expanded its smaller, cryogenic-systems business) in 2022 and 2023. But from 2024 to 2027, analysts expect Plug's revenue to grow at a CAGR of 30% as the macroenvironment stabilizes and the hydrogen market heats up again. It also aims to narrow its losses with Project Quantum Leap, a cost-cutting plan aimed at reducing its expenditures by $150 million to $200 million each year. A new $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) for the construction of six green hydrogen manufacturing plants should help it stay solvent as it tries to expand its business again. That outlook seems promising, yet Plug trades at less than three times this year's sales. Therefore, any positive news about the hydrogen market could drive its stock a lot higher. The nuclear play: Cameco Cameco, which is based in Canada, is the world's second-largest uranium miner after Kazakhstan's national miner Kazatomprom. It mined about 17% of the world's uranium in 2024, and it operates its mines and mills in Canada, the U.S., and Kazakhstan. The company's revenue declined every year from 2011 to 2021. That decline started after the Fukushima disaster in 2011, which drove many countries to reevaluate their nuclear energy plans. As uranium's spot price plunged, Cameco suspended its biggest mines to conserve its cash. The COVID-19 pandemic then hampered its recovery. But from 2021 to 2024, Cameco's revenue grew at a CAGR of 29% in Canadian dollar (CAD) terms as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged at a CAGR of 206%. That recovery was driven by soaring uranium spot prices (which rose from $29.63 in January 2021 to $78.50 this June), its restarted mines, and its acquisition of a 49% stake in the nuclear power plant designer and builder Westinghouse Electric in late 2023. Uranium's comeback was driven by the market's rising demand outstripping its tight supply, supply chain disruptions in Kazakhstan, Russia, and Niger, as well as the rapid growth of the power-hungry cloud and AI data center markets. From 2024 to 2027, analysts expect its revenue to grow at a CAGR of 8% (in CAD terms) as its adjusted EBITDA rises at a CAGR of 16%. Those are impressive growth rates for a stock which trades at just 25 times this year's adjusted EBITDA, so Cameco's stock could still have plenty of room to run. Should you buy stock in Nio right now? Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool recommends Cameco. The Motley Fool has a disclosure policy. The Smartest Green Energy Stocks to Buy With $100 Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
