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Forecasting hydrogen’s costs By David R Baker Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF. Hydrogen companies worldwide are already struggling with canceled projects and sluggish …
High expense of production forces developers to scrap plans BP and Orsted are among companies to have ditched proposals A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have …
Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs Read More »
MADRID, Oct 21 (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday. The company had already warned that regulatory uncertainty, including the possibility that a windfall tax on energy companies and …
(Reuters) – Final investment decisions for hydrogen projects have doubled over the last 12 months, dominated by China, but installed capacity and demand are low as the industry faces uncertainty, the International Energy Agency (IEA) said in a report on Wednesday. The investment decisions represent a five-fold increase of current low-emission hydrogen production by 2030, …
Hydrogen Project Investments are Accelerating but Uncertainty Remains, IEA Says Read More »
By Reuters FRANKFURT, Sept 11 (Reuters) – Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets. Less than 2% of the EU’s heavy freight …
Emissions-Free Truck Prices Need to Drop by 50% to Compete With Diesel, Study Says Read More »
(Reuters) – The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU’s head of climate change policy said on Monday. The EU will this month launch its next round of funding for green hydrogen projects, as …
EU to Tighten Hydrogen Subsidy Rules After China Concerns Read More »
The vast majority of projects don’t have a single customer stepping up to buy the fuel. Hydrogen’s potential as a carbon-free fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas …
(Reuters Breakingviews) – Hot air is seeping out of the green hydrogen bubble. Over the past five years fans of the low-carbon gas have argued it can replace fossil fuel in everything from industrial processes to heating homes to transport. Yet cost and science make many of its applications fanciful. Developments in July at two …
Green Hydrogen Fever Gets Needed Doses of Reality Read More »
By Vera Eckert EnBW and subsidiaries to take part in national plan Pipeline group FNB has submitted overall plan to regulator Regulator expected to give approval in two months Aim is for construction to begin next year FRANKFURT, July 23 (Reuters) – EnBW (EBKG.DE) will invest 1 billion euros ($1.09 billion) in Germany’s planned national …
EnBW to Invest 1 bln Euros as Germany’s Hydrogen Grid Takes Shape Read More »
Policy charted in US capital weighs on spending, Sawan says Sawan touts LNG as flexible option to meet industrial demand Shell Plc’s chief executive officer used a trip to Washington to deliver a plea for stability months before a US presidential election that threatens more upheaval in the global energy sector. Wael Sawan’s remarks during …
Shell CEO Warns of Risk From Volatile Policy in DC Visit Read More »
