Hydrogen

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U.S. Hydrogen Industry May Turn to Gas, Carbon Capture Under Trump

Conventional Energy, Energy Topics & Technology, Hydrogen, Latest, Natural Gas, US News / By

Green investments stalled due to policy uncertainty, says BNEF 377,000 tons of blue hydrogen capacity may be online by 2025 The US hydrogen economy will likely rely on natural gas and carbon capture technologies rather than green energy in Donald Trump’s second term, according to BloombergNEF. Billions of dollars of investment have stalled in 2024 waiting for the Biden …

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Biden Loosens Rules for Hydrogen Subsidies Worth Billions

Energy Topics & Technology, Hydrogen, Latest, US News / By

Final rules provide carve-out for existing nuclear power Subsidy has been the subject of intense Washington lobbying The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel. The tax credit created by President Joe Biden’s …

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U.S. to Issue Hydrogen Credit Rule this Week, With Path for Nuclear, Sources Say

Conventional Energy, EnergyNow News and Press Releases, Hydrogen, Latest / By

(Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources …

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Green Hydrogen Hype Is Giving Way to Reality

Energy Topics & Technology, Hydrogen, Latest, US News / By

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 …

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Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs

Energy Topics & Technology, Hydrogen, Latest, US News / By

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 …

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Repsol Freezes Green Hydrogen Projects in Spain

CDN and International News, Energy Topics & Technology, Hydrogen, Latest / By

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 …

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Hydrogen Project Investments are Accelerating but Uncertainty Remains, IEA Says

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(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, …

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Emissions-Free Truck Prices Need to Drop by 50% to Compete With Diesel, Study Says

CDN and International News, Electric Vehicles, Energy Topics & Technology, Hydrogen, Latest / By

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 …

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EU to Tighten Hydrogen Subsidy Rules After China Concerns

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(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 …

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Why Almost Nobody Is Buying Green Hydrogen

Energy Topics & Technology, Hydrogen, Latest / By

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 …

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