Hydrogen Subsidies Skyrocket to $280 Billion With US in the Lead

By Adithya Bhashyam, Associate, Hydrogen, BloombergNEF Subsidies announced for low-carbon hydrogen – a critical input for a decarbonizing world –  have quadrupled over the last two years to cross $280 billion, according to the latest update from BloombergNEF. The US stands far ahead of every other country, with the $137 billion expected to flow to eligible projects over the next 10 years making...

Indonesia Pursues Clean Hydrogen as Global Demand Expected to Rise

TEMPO.CO, Jakarta - The Coordinating Ministry for Maritime and Investment Affairs stated that the government is currently developing five hydrogen projects. "To produce green and blue hydrogen, we utilize the country’s significant renewable energy resources and carbon storage capacity," said the ministry’s deputy, Jodi Mahardi on, Wednesday, June 19, 2024.The clean hydrogen projects include the...

Financial impact of transition to green ammonia for fertiliser production | Agriculture

6 min read Last Updated : Jun 23 2024 | 11:05 PM IST An outlay of Rs 19,744 crore was approved in 2023 under the Green Hydrogen Mission (NGHC) to encourage the production and use of green hydrogen. It has three major components: reducing the delivered cost of renewable power, encouraging the buildup of electrolyser manufacturing capacity, and providing incentives for producers of green hydrogen....

Why US Towns Are Changing Lanes From Electric To Hydrogen Buses

In the evolving landscape of public transportation, the shift from traditional diesel-powered buses to more sustainable alternatives is gaining momentum. While electric buses have been at the forefront of this transition, many US towns are now reconsidering their strategies and turning to hydrogen fuel cell buses. This shift is driven by various operational needs, environmental concerns, and...

How Nikola Makes Money: Hydrogen-Electric Trucks

With a focus on zero-emissions transport, Nikola Corp. is developing innovative energy and transportation solutions and, in particular, hydrogen-electric trucks. Its goal is to empower commercial customers to move to next-gen truck technology, a hydrogen fueling and charging infrastructure, and maintenance. The company's plan is to work with strategic business partners and suppliers to manufacture...

US Hydrogen Guidance: Be Strict or Be Damned

By Adithya Bhashyam, Hydrogen, BloombergNEF You know something big is afoot when competing lobby groups take out full-page ads about hydrogen in the New York Times and the Washington Post. Their ads aim to influence guidance issued by the US Internal Revenue Service (IRS) and Treasury defining how clean hydrogen can be produced. This guidance could shape the emissions associated with billions of...

Upcoming EU Hydrogen Bank pilot auction: European Commission publishes Terms & Conditions

Today, the Commission published the Terms and Conditions (T&C) for its pilot auction dedicated to European renewable hydrogen production. It is an important step towards scaling up production of renewable hydrogen in the EU. The auction, funded by the Innovation Fund under the umbrella of the EU Hydrogen Bank, is intended to open on 23 November 2023. Following stakeholder consultations ongoing since...

more powerful and America does not know it

More than 100 countries committed to developing renewable energies at the last Climate Summit, but a few (like America) followed in a different wake and began to develop new and innovative sources. In America we call it “green”, in Europe it is “blue”, but Japan has invented a new color: this is the hydrogen we have never seen before, which we do not know on the other side of the world, but...

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