Ben Edgerly Walsh, a climate and energy program director with the Vermont Public Interest Research Group, which lobbied for the bill’s passage, noted that the new standard would provide more clarity on what types of energy sources can be used to reach the renewables target. The legislation, for example, would exclude fossil-fuel plants that use carbon capture and storage, he said. It would also bar...
Australian green hydrogen technology startup Hysata's electrolyzer plant in Wollongong, New South Wales (Courtesy of Hysata, Shinhan) South Korean steel giant POSCO Holdings Inc. and banking conglomerate Shinhan Financial Group have invested a combined US$20 million in Australian green hydrogen technology startup Hysata.Shinhan Securities Co. said on Friday the two Korean companies participated in...
The first auction under the European Hydrogen Bank mechanism has cleared well below expectations, with the seven winning projects bidding at 37-48 euro cent/kg (40-51 cents/kg) for a total 1.5 GW of electrolysis. The EU will provide Eur720 million to the projects, which will produce 1.58 million mt of green hydrogen over 10 years, the European Commission said. The subsidy amounts range...
Representational image. Credit: Canva Everfuel A/S has announced the signing of a Letter of Intent (LoI) with a prominent industrial partner in Germany for the provision of up to 10,000 tons of green hydrogen annually, starting from 2028. The undisclosed industrial partner’s initial demand is anticipated to align with the output of a 100 MW electrolyser, emphasizing...
Representational image. Credit: Canva The governor of Peru’s Arequipa region, Rohel Sánchez Sánchez, has announced plans for the construction of the country’s inaugural green hydrogen plant. Phelan Green Energy, a South African company, will spearhead the project with an investment totaling approximately $2.5 billion. This development marks a significant step towards...
In August 2021, the UK government published its Hydrogen Strategy and a number of consultations on policies to encourage the development of a UK low carbon hydrogen sector (see posts (1) to (4) in this series here). In a sector where countries are competing keenly to be among the first to capitalise significantly on the coming low carbon hydrogen revolution, momentum is crucial, and April 2022 saw...
Versogen has been named one of a select few Delaware recipients for U.S. Department of Energy funding to continue the research and manufacturing of clean hydrogen. | PHOTO COURTESY OF VERSOGEN NEWARK — Versogen, a startup firm that is making strides in the production of clean hydrogen, is slated to receive a portion of $4.7 million as part of a regional effort to tap into a carbon-free fuel...
The October announcement that the U.S. Department of Energy had selected seven regional hub projects for billions in federal money to spur the production of clean hydrogen was met with considerable fanfare from the fledgling industry, seen as crucial to helping decarbonize the American economy. But when the Biden administration’s Treasury Department released...
Electric Hydrogen secures $100M credit facility from HSBC, JP Morgan, Stifel Bank and Hercules Capital to decarbonize critical industries at scale. Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was...