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Orlen Secures $460M Funding For Hydrogen ProjectsORLEN Group has secured 1.7 billion zlotys ($460 million) in non-repayable funding under the National Recovery Plan (NRP) for its Green H2 and Hydrogen Eagle hydrogen projects.
The initiative aims to advance renewable hydrogen production through electrolysis using renewable energy sources and low-emission hydrogen from municipal waste.
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The funding was awarded under the Investments in Hydrogen Technologies, Storage, and Transport of Hydrogen measure, facilitated by Bank Gospodarstwa Krajowego, with funding provided through the NRP.
The Hydrogen Eagle initiative is focused on creating diverse sources for both renewable and low-emission hydrogen. It will produce hydrogen using innovative waste-to-hydrogen technology powered by renewable energy sources and municipal waste.
The project will help in fortifying European hydrogen infrastructure while reducing CO₂ emissions.
The Green H2 project will focus on generating renewable hydrogen for refinery operations at the Gdańsk fuel production facility.
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Spearheaded by LOTOS Green H2, a dedicated entity within the ORLEN Group, the project comprises a 100MW electrolyser coupled with an energy storage system.
ORLEN management board president and CEO Ireneusz Fąfara stated: “The near 2 billion zlotys secured for the Hydrogen Eagle and Green H2 projects will accelerate progress in the hydrogen segment.
“Funding from the National Recovery Plan will enable us to expand and scale up hydrogen production infrastructure more efficiently, reinforcing both the domestic and European hydrogen supply networks. It also supports the advancement of this future-oriented technology, which represents one of the key pathways to decarbonisation.”
ORLEN plans to achieve a total electrolysis-based hydrogen production capacity of 0.9GW, with 0.7GW expected to be developed domestically in Poland by 2035.
The strategy includes meeting additional demand through imports, depending on the availability of the necessary import infrastructure.
The corporate venture capital fund ORLEN VC recently invested in PEM electrolyser producer Hystar for comprehensive zero-emission hydrogen production, which will provide technological support for these projects.
In March 2025, ORLEN secured a 1.7bn zloty ($442m) loan to expand the electricity distribution network in Poland through a third financing agreement with the European Investment Bank.
Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!powerplant
Jun 19, 2025
Power Technology
Plug Power And Allied Green Ammonia Partner In 2Gw Electrolyser DealPlug Power has announced a collaboration with Allied Green Ammonia (AGA) on a new 2GW electrolyser for AGA’s sustainable fuel initiative in Uzbekistan.
The agreement will be formalised during the Tashkent International Investment Forum 2025, to be held from 10 June to 12 June at the Central Asian Exhibition Centre (CAEx Centre) in the Uzbek capital.
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Plug’s electrolyser technology has been chosen as the cornerstone of a new $5.5bn green chemical production facility in Uzbekistan, which will manufacture sustainable aviation fuel, green urea and green diesel.
Supported by the government of Uzbekistan, the venture further solidifies Plug’s reputation as the preferred provider for large-scale decarbonisation efforts globally.
Plug Power CEO Andy Marsh stated: “This latest expansion with Allied Green demonstrates how Plug is leading the global hydrogen transition with proven electrolyser technology and execution at industrial scale.
“With a 5GW partnership now spanning two continents, this is a defining example of our ability to deliver for customers, building the future of energy.”
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The project complements Allied Green’s earlier commitment to a 3GW electrolyser for a green ammonia plant in Australia, which is on schedule for a final investment decision by the fourth quarter of 2025.
Allied Green Ammonia’s Alfred Benedict stated: “This agreement reflects our deep confidence in Plug’s team, technology and ability to deliver on bold, world-class projects.
“Together, we are creating meaningful momentum for global decarbonisation — first in Australia, now in Uzbekistan and in future regions to come.”
Plug’s technology is either deployed or under development across five continents, aiding the industrial, transportation, energy and chemicals sectors.
Plug Power president Sanjay Shrestha stated: “This continued collaboration with Allied Green reflects Plug’s ability to support ambitious decarbonisation goals with scaleable electrolyser technology.
“As we look to expand our relationship, we see strong alignment in our shared vision for accelerating the global shift to low-carbon hydrogen across industries and regions.”
In January 2025, Plug Power’s subsidiary, Plug Power Energy Loan Borrower, obtained a $1.66bn loan guarantee from the US Department of Energy to construct up to six clean hydrogen facilities.
Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!powerplant
Jun 10, 2025
Power Technology
Enercity And Enercon Sign $914M Onshore Wind Partnership Dealenercity Erneuerbare and ENERCON have entered a partnership agreement valued at up to €800m ($914.5m) in the German onshore wind market.
The contract, which spans two years with an option for extension, will see the delivery of 100 wind turbines of various types.
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enercity Erneuerbare managing directors Ralf Nietiet and Daniel Müller stated: “Ambitious growth and expansion targets can be realised even more efficiently with strong partners. With ENERCON, we ensure reliable access to high-quality technology within a contractually defined timeframe. In addition, both sides benefit from transparent pricing – this combination of quantity, time and price provides planning security for both sides.”
The agreement is a result of a tender issued by enercity Erneuerbare, which fostered a close cooperation between the two companies, both from Lower Saxony, and will boost the northern German regional economy.
More than 30 wind turbines from the contract will be deployed in 2025.
Germany plans to phase out the country’s coal-fired plants by 2038 and fill the shortfall in energy with renewables.
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ENERCON Central and Northern Europe regional head Benjamin Seifert stated: “The wind energy market in Germany has picked up speed. The transfer of building permits to project implementation is increasing.
“The prerequisite for successful projects will be an early and agile cooperation between the project participants. The drafting of the contract in recent months and also the first projects in implementation show that we have found a very constructive level between the two companies. We are very pleased to supply enercity’s projects and to shape the energy transition sustainably and together.”
In March 2025, ENERCON, Salzgitter’s subsidiary Ilsenburger Grobblech and TMGROUP’s SMB Schönebecker Maschinenbau collaborated to produce a lower-emissions steel tower for wind turbines.
Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!powerplant
Jun 09, 2025
Power Technology
Evrec’S Newfoundland Green Hydrogen Project Gains Eis GuidelinesThe green energy hub project in the Botwood area of the Canadian province of Newfoundland and Labrador has received environmental impact statement (EIS) guidelines from the province’s Department of Environment and Climate Change.
This marks a significant step for the project, which aims to harness renewable energy sources for sustainable hydrogen production.
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The project, led by Abraxas Power and its subsidiary Exploits Valley Renewable Energy Corporation (EVREC), is set to revolutionise energy production in the province.
It is expected to contribute to Newfoundland and Labrador’s green energy transition, create economic benefits and position the province as a key player in the global hydrogen market.
EVREC has been granted access to more than 300km² of Crown lands for the development of the project.
The project will feature up to three gigawatts of onshore wind power, along with energy and molecular storage systems to support behind-the-meter production of green hydrogen and green ammonia.
It will generate 180,000 tonnes of green hydrogen and 1 million tonnes of green ammonia annually.
Abraxas Power chief operating officer Dean Comand stated: “The EIS is an essential part of our approach, and we are eager to maintain open, ongoing engagement with stakeholders and regulators while continuing to work on refining and advancing all aspects of the project.
“Newfoundland and Labrador is on the cutting edge of clean energy innovation, and this project represents an exciting opportunity for the province to contribute to global sustainability efforts.
“The EIS is an important step in the process and underscores our commitment to responsible development and to working alongside communities and stakeholders to ensure that the environmental impact is carefully considered at every stage of this transformative project.”
EVREC also plans to establish dedicated port infrastructure to export its products to global markets.
Pre-construction activities have significantly advanced, including engineering, wind resource measurement and environmental assessment processes.
These activities involve environmental data collection and public and stakeholder engagement, with the final project design subject to ongoing assessments.powerplant
Apr 16, 2025
Power Technology
Eos And Frontier Sign Mou For 5Gwh Energy Storage FrameworkEos Energy Enterprises has signed a memorandum of understanding (MoU) with Frontier Power for a 5 gigawatt-hour (GWh) energy storage framework agreement.
The partnership marks Eos’ entry into the UK market, utilising its zinc-based long-duration energy storage systems.
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The agreement aligns with Frontier’s plans to bid in the Office of Gas and Electricity Markets’ (Ofgem) new long-duration energy storage cap and floor scheme.
The collaboration between Eos and Frontier will extend beyond the UK, exploring opportunities in new international markets.
Frontier Power CEO Humza Malik stated: “This agreement reflects Frontier Power’s commitment to driving innovation in clean energy while fostering international collaboration.
“By working with Eos, we are advancing our portfolio of long-duration storage projects and strengthening trade relations between the US and UK. The prospect of local manufacturing in the UK could further boost economic growth and job creation.”
The partnership could also lead to local manufacturing in the UK, fostering domestic supply chains and job creation, contingent on significant project volumes materialising with Eos technology.
The UK’s cap and floor scheme, managed by Ofgem and the Department for Energy Security and Net Zero, aims to provide revenue certainty for innovative energy storage technologies.
It encourages investment in alternatives to lithium-ion, aligning with the UK’s goals of grid stability and increased renewable integration.
Eos’ eight-hour technology is well-suited for the scheme, supporting the UK’s broader objectives.
Eos CEO Joe Mastrangelo stated: “Our supply chain strategy was designed to be transportable. We can co-locate manufacturing capacity near customer demand and not only provide innovative energy storage, but sustainable jobs in regions that have demand for our technology. As that demand grows, both domestically and internationally, we’ll expand our manufacturing footprint, and we’re excited to partner with Frontier to execute on that vision in the UK market and beyond.”powerplant
Apr 16, 2025
Power Technology
European Commission Approves €400M For Renewable Hydrogen In SpainThe European Commission has approved a €400m ($452.6m) Spanish state aid scheme to support renewable hydrogen production through the European Hydrogen Bank’s auctions-as-a-service tool.
Under the auctions-as-a-service approach, member states can opt to utilise the EU-wide auction system provided by the Innovation Fund to distribute a specified portion of their national funding to renewable hydrogen production projects within their borders.
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Spain aims to construct up to 345MW of electrolyser capacity, producing up to 221,000 tonnes of renewable hydrogen. This project is expected to avoid up to one million tonnes of COâ‚‚ emissions.
The scheme supports Spain’s goal of installing 12GW of electrolyser capacity by 2030, contributing to the EU’s renewable energy directive targets.
The scheme aligns with the Clean Industrial Deal and REPowerEU Plan, aimed at decarbonising EU industries, reducing reliance on Russian fossil fuels and advancing the clean energy transition.
Spain will be awarded the aid through a competitive bidding process that concluded in the first quarter of 2025 and was overseen by the European Climate, Infrastructure and Environment Executive Agency (CINEA).
Companies planning new electrolysers in Spain can apply for support, which will be provided as a direct grant per kilogram of renewable hydrogen produced.
The aid will last for a maximum of ten years, requiring beneficiaries to comply with EU criteria for renewable fuels of non-biological origin (RFNBOs).
This involves contributing to the deployment or financing of additional renewable electricity required for hydrogen production.
The European Hydrogen Bank, run by the Innovation Fund, aims to facilitate EU-domestic production and imports of renewable hydrogen, targeting 20 million tonnes by 2030.
The hydrogen auctions are financed through EU emissions trading system revenues, supporting the transition to climate neutrality.powerplant
Apr 16, 2025
Power Technology
Acen Australia Secures $473.5M For Renewables Portfolio ExpansionACEN Australia has secured $473.5m (A$750m) in portfolio debt financing to bolster its clean energy initiatives in Australia.
The financing supports the company’s ongoing and future renewable projects, highlighting ACEN Australia’s commitment as a long-term investor in the nation’s clean economy.
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The funding will support the nearly finished 400MW Stubbo Solar project in New South Wales and follows the first power output from the 400MW Stage 1 of the New England solar project in 2023.
The deal was supported by a group of 11 lenders from Australia and overseas, broadening ACEN Australia’s network of finance partners and highlighting strong market trust in the company’s growth plans and proven performance.
ACEN Australia managing director David Pollington stated: “Our ability to attract top-tier financial partners re-inforces our position as a trusted, long-term developer, owner and operator of assets, and reflects growing investor appetite for high-quality, renewable infrastructure in Australia.”
The financing establishes a funding base for ACEN Australia’s diverse portfolio, which includes more than 1GW of renewable capacity in operation and under construction, with an additional 13GW in development across the national electricity market.
ACEN Australia chief financial and investments officer Phillip Mak stated: “This transaction strengthens our funding platform, accelerates our delivery pipeline and positions us as a capable partner backed by a stable and diverse capital base.”
The transaction involved a range of financial institutions: ANZ Banking Group, the Commonwealth Bank of Australia, CTBC Bank Co (Singapore branch), CTBC Bank (Philippines) and Cathay United Bank.
Other participants included Deutsche Bank (Sydney branch), DBS Bank (Australia branch) and Westpac Banking.
Macquarie Capital and Morgan Stanley acted as joint financial advisors for the transaction, with Allens serving as legal adviser for ACEN Australia and Herbert Smith Freehills advising the lenders.
ACEN is on track to achieve 100% renewable energy generation by 2025 and reach net-zero greenhouse gas emissions by 2050.powerplant
Apr 15, 2025
Power Technology
Arclight To Acquire Kleen Power From Osaka Gas And KyudenArcLight Capital Partners (ArcLight) has made a definitive purchase agreement with Osaka Gas USA and Kyuden International Americas to acquire their interests in Kleen Energy Systems, a 620MW natural gas-fired power generation asset in New England, US.
The acquisition aligns with ArcLight’s strategy to address increasing power demand driven by AI and electrification trends.
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AI-driven data centre development and increased electrification, such as electric vehicle adoption, are driving the demand for sustainable and affordable power solutions.
ArcLight partner Angelo Acconcia stated: “ArcLight’s acquisition of Kleen Power leverages its deep investment expertise across over 50 power investments since 2001, along with its ability to acquire strategic power infrastructure assets and utilise ArcLight’s value added investment playbook and resources to enhance value and the ability to provide critical and reliable power.”
The transaction, expected to close in 2025, is subject to regulatory approvals.
ArcLight’s power management team, Alpha Generation Services, led by Curt Morgan, will manage Kleen Power.
ArcLight managing director Andrew Brannan stated: “Kleen is a high-quality combined cycle providing critical infrastructure and reliable energy supply as one of the most efficient natural gas-fired assets in the New England market, serving a real and growing market need.”
Legal counsel for ArcLight is Latham & Watkins, with MUFG as financial advisor.
Since 2001, ArcLight has managed more than 65GW of assets and 47,000 miles of electric and gas transmission infrastructure, with an enterprise value of $80bn.
Alpha Generation, a strategic partnership owned by an affiliate of ArcLight, recently announced its plans to provide an additional 450MW of electricity generation to four existing power plants located in the US states of Maryland, New Jersey and Ohio.
This move forms part of PJM’s reliability resource initiative, which seeks to tackle the rising demand for power driven by electrification and industrial needs.powerplant
Apr 15, 2025
Power Technology
Capital Power Acquires Two Us Natural Gas-Fired Power Plants For $2.2BnCapital Power has announced the strategic acquisition of two flexible generation assets in the US for $2.2bn: the 1,124MW Hummel station in Pennsylvania and the 1,023MW Rolling Hills plant in Ohio.
The transaction will close in the third quarter of 2025.
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The move positions Capital Power among the top five North American independent power producers with more than 10GW of natural gas capacity.
The acquisition aligns with the company’s strategy to expand in the US and the PJM [Pennsylvania, New Jersey, Maryland] market.
Capital Power expects the acquisition to generate an average annual adjusted EBITDA (earnings before interest, taxation, depreciation and amortisation) of approximately $443m from 2026 to 2030.
To fund the acquisition, the company has launched a $500m common share offering, fully covering the equity funding requirement.
Additional funding will be sourced from cash reserves, debt financing and credit facilities.
A commitment letter dated 14 April 2025 with a Canadian chartered bank affiliate of TD Securities secures $2bn in senior unsecured term loans.
Capital Power also has access to $1bn under its existing revolving credit facilities, ensuring financial flexibility and maintaining its investment-grade credit rating.
Capital Power president and CEO Avik Dey stated: “Capital Power’s acquisition of Hummel and Rolling Hills expands our US generation fleet and advances our position as a leading North American power producer.
“With our expansion into the largest and most liquid power market in North America, we continue to deliver on our strategy. These plants will bolster our flexible generation portfolio and align with our commitment to provide reliable, affordable power solutions that support a balanced approach to energy expansion.
“As a leading operator in North America, our ability to integrate these assets, optimise performance and enhance returns through our robust trading platform underpins the long-term value we expect these acquisitions will provide for our shareholders.”
The company partnered with TD Securities and CIBC Capital Markets to issue 8,060,000 common shares at $43.45 per share, raising $350m.
An over-allotment option could increase proceeds to $403m and a private placement with the Alberta Investment Management Corporation will raise $150m.
The public offering and private placement are set to close around 22 April 2025.
The proceeds will fund the acquisition, with alternative plans for future growth opportunities if the acquisition does not complete.
The funding plan ensures Capital Power’s financial stability and supports its strategic growth initiatives.powerplant
Apr 15, 2025
Power Technology
Manitoba Hydro To Redirect Power Exports For Canadian InfrastructureThe government of the Canadian province of Manitoba has directed Manitoba Hydro to redirect 500MW of expiring electricity export contracts to support infrastructure projects within Canada.
Premier Wab Kinew announced the initiative to bolster nation-building efforts, with a focus on projects such as the Kivalliq hydro-fibre link, which will receive 50MW of the redirected power.
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The Kivalliq hydro-fibre link infrastructure project intends to provide power and telecommunications to northern communities.
The development aims to reduce reliance on diesel fuel and create economic opportunities by powering local mines.
Kinew stated: “Manitoba is a province of builders, and we are stepping up to help build our nation as we weather the economic uncertainty we are all facing right now.
“There is no better time to be partnering with other Canadian provinces and territories to build the infrastructure we need for a strong domestic economy.”Â
Premier Kinew emphasised the importance of collaboration with the northern territory of Nunavut, the Inuit-owned Nukik corporation and other partners to advance the project and stimulate economic and cultural growth.
Nukik CEO Anne-Raphaëlle Audouin stated: “This commitment by the province of Manitoba is true nation-building that makes Canada stronger.
“Working together, we can unlock sustainable economic development opportunities, build stronger communities and support Arctic sovereignty and security. We look forward to working in partnership to build a more connected Canada.”Â
In a related development, Canada has extended its target for achieving a net-zero electricity grid from 2035 to 2050.
This decision follows the release of its finalised Clean Electricity Regulations (CER) and was influenced by feedback from provinces and energy industry stakeholders.powerplant
Apr 15, 2025