HX

OMV, the Vienna-based integrated energy and chemicals group whose name traces back to Österreichische Mineralölverwaltung, the Austrian Mineral Oil Administration founded in 1956, has secured a €450 million ($512 million) loan from the European Investment Bank to build a flagship green hydrogen plant in Bruck an der Leitha, Lower Austria. The financing detail matters more than the headline figure suggests. The EIB has called this its largest ever loan to Austria's energy sector, and it will...

On July 17, 2026, Prime Minister Narendra Modi will flag off the Namo Green Rail at Jind Railway Station in Haryana, sending India's first indigenously built hydrogen fuel cell train into daily passenger service. The headline is a train. The substance underneath it is a live demonstration that hydrogen can be produced, stored, dispensed, and consumed safely at industrial scale, on a fixed schedule, in front of the public. That is the detail worth paying attention to if you care about where...

Airbus and MTU Aero Engines are turning a handshake agreement into a company. The two European aerospace giants announced plans to form a joint venture dedicated to developing and commercializing a hydrogen fuel cell powertrain, with operations targeted to begin in 2027 pending regulatory clearance (Perry, 2026). The move builds on a memorandum of understanding signed at the 2025 Paris air show, but the shift from a loose partnership to a dedicated business entity is the detail that matters....