Freeport East has announced that the Hydrogen Zero Emission Maritime (HyZEM) project, which focuses on developing low-carbon green hydrogen technology for high-powered workboats, will receive £1.44 million from Innovate UK and ‘a similar sum’ from Australia’s Department of Climate Change, Energy, the Environment and Water. Businesses from the UK and Australia specialising in green hydrogen...
The United States Treasury Department will reportedly issue draft rules this week for the Inflation Reduction Act’s (IRA) 45V tax credit to incentivize clean hydrogen production. Leaked details suggest they will require electrolyzers—which split water into hydrogen and oxygen using electricity—to use clean power to earn the subsidy. This requirement—using clean power, not fossil fuels—has been...
European Commission announces €1,2 billion for second Hydrogen Bank auction budget – Hydrogen Economy. Today, at a stakeholder workshop on the European Hydrogen Bank organised by the European Commission’s DG CLIMA, it was announced that the budget for the second auction later this year would amount to €1.2 billion. This represents 25% of the Innovation Fund’s 2024...
This week The Conversation is hearing about a number of clean energy projects underway across Hawaiʻi. Yesterday, we learned about the state's largest solar project to date that just began generating power in Central Maui. Now we look at two renewable energy projects recently announced by our local gas company. Nicolas Rodier, the executive director of clean...
German industry, policymakers urge patience on hydrogen conversion. Investor caution about hydrogen as a future source of energy to reduce emissions of greenhouse gases did not suggest slowing resolve to phase out fossil fuels, German industry executives and policymakers said on Wednesday, pleading for patience. They told a conference organised by the Handelsblatt business...
The Federal Department of Climate Change, Energy, the Environment and Water has announced it will partially fund the Hydrogen Zero Emission Maritime (HyZEM) project, designed to drive decarbonisation in the maritime sector. The project will receive £1.44 million ($A2.77 million) from Innovate UK with a similar sum to come from the Federal Government. The news was welcomed by Freeport...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source link...
The European Hydrogen Bank, a financing instrument that supports renewable hydrogen production within the EU and internationally, has just announced a €1.2 billion investment to help boost the renewable hydrogen economy, a cornerstone of the EU’s strategy to achieve climate neutrality by 2050. While many are focusing on how this can help to meet hydrogen production targets, it’s important to...
UK's Meld Energy gets green light for 100 MW green hydrogen plant Quantum Commodity Intelligence Source link...
Green hydrogen, produced from fossil-free electricity is considered, both within the EU and globally, to be a key technology to manage the green transition. Currently, there are no other fossil-free alternatives for many industrial and shipping areas. Green hydrogen has the potential to become the leading solution for fossil-free steel...