Japan has today (May 17) passed the Hydrogen Society Promotion Act that will provide a 15-year subsidy for Japanese-produced and imported low-carbon hydrogen.Passed through Japan’s House of Councillors with no definition of the subsidy prices, it appears importers will be able to stack the subsidy with those of the country where the hydrogen is produced.It comes as the nation looks to boost its...
Video. EU set to launch world's first hydrogen bank Euronews Source link...
June 7, 2024 | By Mary Bailey Hitachi Energy has joined the U.S. Department of Energy’s ‘H2@Scale in Texas and Beyond’ initiative with GTI Energy, Frontier Energy, The University of Texas Austin, and other industry stakeholders and partners. For the project, Hitachi Energy is contributing its market-leading expertise in integrating utility-scale renewable...
Plug Power Inc (NASDAQ:PLUG), a leader in the green hydrogen industry, is on the verge of a major financial breakthrough. During the company’s annual shareholder meeting, CEO Andrew Marsh revealed that Plug Power expects to finalize contracts for a significant U.S. Department of Energy (DOE) loan guarantee, worth up to USD 1.66 billion (EUR 1.53bn), within the next four to seven months. This loan is...
Classification society ABS has come on board the LH2CRAFT project, a research initiative funded by the European Union (EU) seeking to revolutionize liquid hydrogen (LH2) storage on a massive scale.Courtesy of ABS The LH2CRAFT project is a joint effort of the research consortium comprising 14 members from nine different countries, administered by Greece-based Hydrus Engineering S.A. and...
European hydrogen auctions with a focus on Germany, UK, Denmark, and the Netherlands – CMS. Hydrogen auctions have emerged across the globe in recent years to subsidise and promote the production and use of renewable hydrogen as an alternative to fossil fuels. The EU, individual member states and the UK have all designed and held their own auction/subsidy schemes to bolster...
Representational image. Credit: Canva In a bid to further support the growth of the European hydrogen market, the European Commission has initiated work on a pilot mechanism aimed at accelerating investments and providing clarity in market dynamics. This new mechanism, established under the recently adopted decarbonised gases and hydrogen package, is set to facilitate...
China will breeze past its 2025 target for 200,000 tonnes of renewable hydrogen a year, as the country is on track to install 2.5GW of electrolyser capacity — capable of producing around 220,000 tonnes of H2 a year — by the end of 2024. So says analysis released this week by research firm Rystad Energy. It finds that 1GW of electrolysis capacity has already been installed in...
TotalEnergies and Air Products have signed a 15-year agreement for the supply of 70 000 tpy of green hydrogen in Europe starting in 2030. This first long-term deal follows TotalEnergies’ call for tenders for the supply of 500 000 tpy of green hydrogen to decarbonise TotalEnergies’ European refineries. Under the...
Retail made up the largest investment, with $31 billion in sales of zero-emissions vehicles, solar and storage, and heat pumps registered in the quarter. Deployment of clean energy and industrial decarbonization was the second-largest segment, with $24 billion in investment in Q1, driven largely by utility-scale solar and storage deployments. The fastest-growing slice of the segment came from emerging...