Bloomberg Danish electrolyser startup Green Hydrogen Systems A/S raised 28 million euros ($34.3 million) to scale up production of the technology that’s at the heart of the European Union’s climate goals. Competition is heating up among makers of the machines to capture a wave of orders that will make up the EU’s first generation of utility-scale green hydrogen production funded …

Bloomberg Austria’s biggest company, also one of Europe’s greenest utilities, is buying into natural gas pipelines to build a new hydrogen economy for power-hungry industries. Verbund AG’S decision to purchase a network of pipelines this year perplexed some analysts. Unlike German and Italian utilities expanding in green power across the continent, the Austrian utility opted to deploy cash in domestic …

Bloomberg Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year. The onset of colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes have combined to push spot prices in Asia this week to the …

Bloomberg Clean-energy stocks are surging as the US Congress considers extending tax breaks for wind and solar energy. JinkoSolar Holding Co, one of the world’s biggest publicly traded panel producers gained as much as 16% last week. Sunrun Inc, the biggest US residential solar installer, rose as much as 7.7%. SunPower Corp climbed as much as 12%. Congress has debated …

Bloomberg British Airways and Virgin Atlantic Airways Ltd aren’t offering refunds to passengers who cancel year-end trips because of new UK coronavirus rules, even as regulators investigate airlines’ earlier refusal to hand cash back to customers caught in lockdown. IAG SA-owned BA will grant ticket holders a voucher or let them switch to a later date, it said in an …

Bloomberg Celebrating the holidays might be pretty ho-hum, but one area that’s booming is toys. After a terrible year of remote school, cancelled birthday parties and little vacationing, parents and grandparents ridden with so-called “Covid guilt” are spending a lot more on puzzles, crafts and games. And this is setting up the US industry for its best Christmas in years—and …

Bloomberg The rollout of vaccines against Covid-19 has intensified debate about whether they should be made mandatory, with the head of a major tourism lobby saying that doing so would cause irreparable harm to the struggling sector. “I don’t think governments will require vaccination next year” for travel, Gloria Guevara, head of the World Travel and Tourism Council, said at …

Bloomberg Canadian transportation authorities validated changes to Boeing Co’s 737 Max ordered by US regulators, putting the jetliner a step closer to flying again in the northern nation. In a statement, Transport Canada said it has completed its review of design fixes mandated by the Federal Aviation Administration in November — calling it “an important first step” towards re-certification. The …

Bloomberg Cathay Pacific Airways Ltd carried just 37,815 passengers in November, down 98.6% from a year earlier, and warned that its second-half losses will be significantly worse than the HK$9.9 billion ($1.3 billion) hemorrhage in the first six months. Average passenger capacity in the second half is only likely to be 8.4% of pre-pandemic levels, compared with 34.3% in the …

Bloomberg Foreign investors may at last be returning to Japan’s stock market after a six-year selloff, amid the growing realisation of an opportunity that no other place can provide, a top fund manager says. Comgest Asset Management Japan Ltd. expects Japan’s profit growth to outpace that of the US, as corporate taxes will “almost certainly” rise under President Joe Biden. …