Saudi Arabia Said to Tee Up Multibillion-Dollar Bet on Hydrogen
(Bloomberg) — Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter. The kingdom’s sovereign wealth fund, chaired by de facto ruler Crown Prince Mohammed bin Salman, has created a company called Energy Solutions Co. to finance so-called green hydrogen power production, the people […]
Saudi Arabia Said to Tee Up Multibillion-Dollar Bet on Hydrogen
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much-hyped low-carbon fuel, according to people familiar with the matter. The kingdom’s sovereign wealth fund, chaired by de facto ruler Crown Prince Mohammed bin Salman, has created a company called Energy Solutions Co. to finance so-called green hydrogen power production, the people said, asking not to […]
Millbank Announces Non-Brokered Private Placement
Vancouver, British Columbia–(Newsfile Corp. – September 27, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement“) of up to 9,090,910 (“Units“) at a price of $0.33 per Unit to raise gross proceeds of up to $3,000,000. Each Unit will consist of one common s
Millbank Closes Acquisition of Blakelock Hydrogen Project
Vancouver, British Columbia–(Newsfile Corp. – September 25, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) is pleased to announce it has closed the acquisition of the Blakelock hydrogen project (the “Blakelock Project“) in northern Ontario as previously announced on September 12, 2024. “Having closed the acquisition of the Blakelock Project, we are excited for
Millbank Announces Acquisition of Ontario Mining Claims
Vancouver, British Columbia–(Newsfile Corp. – September 12, 2024) – Millbank Mining Corp. (TSXV: MILL) (the “Company” or “Millbank“) announces the acquisition of the Blakelock hydrogen project (the “Blakelock Project“) in northern Ontario (the “Proposed Acquisition“). The Blakelock Project is comprised of 109 mineral claims covering an area of 2,207 hectares. “We believe that
Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
Koloma, a U.S.-based startup backed by billionaires Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the fossil fuel industry to power a global gold rush for buried hydrogen. Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth’s surface. A dramatic upswing in the number of companies actively searching for geol
US grants $750 million for hydrogen projects across 24 states
The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen. Hydrogen is a fuel that the administration of President Joe Biden sees as crucial to reducing use of fossil fuels and cutting emissions from hard-to decarbonize industries such as aluminum and cement. It is made by electrolyzers […]
Biden-Harris Administration Announces $7 Billion For America’s First Clean Hydrogen Hubs
President Biden’s Investing in America Agenda Drives $50 Billion in Public-Private Sector Investment to Jumpstart America’s Clean Hydrogen Economy; Seven Clean Hydrogen Hubs Will Create Tens of Thousands of High-Quality Jobs, Strengthen the Nation’s Energy Security, and Combat the Climate Crisis WASHINGTON, D.C. — As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energ
Hidden hydrogen: Does Earth hold vast stores of a renewable, carbon-free fuel?
IN THE SHADE of a mango tree, Mamadou Ngulo Konaré recounted the legendary event of his childhood. In 1987, well diggers had come to his village of Bourakébougou, Mali, to drill for water, but had given up on one dry borehole at a depth of 108 meters. “Meanwhile, wind was coming out of the hole,” Konaré told Denis Brière, a petrophysicist and vice president at Chapman […]
Accelerating Decarbonization of the U.S. Energy System
“The US will need on the order of 56 to 133 MMt of clean hydrogen by mid-century—roughly 5 to 15 times the amount of current hydrogen production in the US.” The world is transforming its energy system from one dominated by fossil fuel combustion to one with net-zero emissions of carbon dioxide (CO2), the primary anthropogenic greenhouse gas. This energy transition is critical to mitigating […]