Air Products downgraded as marquee hydrogen projects ‘carry elevated risk’ | cited broader macroeconomic pressures affecting

Air Products downgraded as marquee hydrogen projects ‘carry elevated risk’ | cited broader macroeconomic pressures affecting

In a blow to Air Products’ new management, shares in the industrial gas major have been downgraded by analysts at Bank of America to Underperform from a previous investment rating of Neutral.The downgrade reflects heightened uncertainty around the financial viability and timing of three major clean hydrogen projects in Saudi Arabia (NEOM), Louisiana and Alberta.Tariffs and weakened...

Hydrogen

Hydrogen

The Recovery and Resiliency Facility for clean energy is a temporary instrument made available to EU countries in 2021. Among other types of clean energy, it supports countries to invest in hydrogen projects across the value chain.Investment support has also been provided through the Important Projects of Common European Interest (IPCEIs) on hydrogen. The first IPCEI, called 'IPCEI Hy2Tech' includes 41...

‘Green hydrogen’ furnaces could be future of steel, says minister

‘Green hydrogen’ furnaces could be future of steel, says minister

The blast furnaces at the Scunthorpe steelworks could be converted to use hydrogen to make ‘green steel’, the industry minister has said.Sarah Jones told Times Radio on Tuesday that the government was “looking at” using hydrogen to make direct reduced iron (DRI), to reduce the intense carbon impact of steelmaking.Pure iron ore is made by heating coke and iron ore pellets to more than 2,000C...

Honeywell Unveils “Green Hydrogen” Tech Suite

Honeywell Unveils “Green Hydrogen” Tech Suite

Honeywell has introduced a new technology platform designed to optimize the production of “green” hydrogen, company officials announced. Honeywell Protonium Honeywell officials said that the Honeywell Protonium suite helps address critical challenges when using zero-emission energy sources to produce hydrogen, which can, in turn, be converted to electricity with water vapor as its only...

REPORT SUMMARY: Exploring the Water Footprint of “Green” Hydrogen for Power Generation in California ~ MAVEN’S NOTEBOOK

REPORT SUMMARY: Exploring the Water Footprint of “Green” Hydrogen for Power Generation in California ~ MAVEN’S NOTEBOOK

Hydrogen, as an emerging alternative fuel source, holds the potential to significantly contribute to California’s climate goals. Its carbon-free production using renewable electricity to split water into hydrogen and oxygen, known as ‘green’ hydrogen, offers a promising path towards reducing greenhouse gases. However, hydrogen has never been implemented as a large-scale energy resource, and there...

Power-to-X (PtX) Market: Driving the Clean Energy Transition

Power-to-X (PtX) Market: Driving the Clean Energy Transition

The Power-to-X (PtX) market is growing due to global decarbonization efforts, renewable energy expansion, and electrolysis tech. Governments and industries are investing in green hydrogen and synthetic fuels to cut emissions and reduce reliance on fossil fuels. The Power-to-X (PtX) market is projected to reach $769.3 million by 2033, growing at a CAGR of 9.3% from 2024 to 2033. PtX...

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