Green hydrogen initiatives by InterContinental Energy receive $115m equity boost


Green hydrogen delivery company InterContinental Energy (ICE) has announced that it plans to enter its next growth phase following a $115m equity investment from global investor GIC and clean hydrogen pureplay investor Hy24.

The injection of new capital will accelerate the deployment of ICE’s portfolio of projects and contribute towards the company’s vision to scale up the green hydrogen economy, said the company.

Located in Australia and across the Middle East, these projects will take advantage of abundant wind and solar resources to deliver an overall ambition of nearly 100 gigawatts (GW) of total installed renewable capacity.

Of this, 10GW of capacity is targeted for delivery in the first phases before the end of 2030, tying in with an anticipated global ramp up of green hydrogen production.

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