(Bloomberg) – Exxon Mobil Corp. pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the Inflation Reduction Act after signing an accord to sell the low-carbon fuel to JERA Co., Japan’s biggest power provider. JERA will consider buying 500,000 tons a year, or half the ammonia produced from Exxon’s proposed low-carbon hydrogen...

Lessons from the European Union inaugural Hydrogen Bank auction – Bruegel. Millions of tonnes of fossil hydrogen are produced in the European Union using natural gas as a feedstock, resulting in roughly 12 tonnes of carbon dioxide emissions for every tonne of hydrogen. Production of hydrogen using water and renewable electricity can eliminate those emissions, but currently...

Hydrogen technology startups have secured over $1 billion in venture investment in the past four months, according to Crunchbase data. This already surpasses two-thirds of last year’s total, and the surge includes several significant early-stage rounds, including: Hysata: Last week, the Australian electrolyzer developer raised $110 million in a Series B co-led by BP Ventures and Templewater. Koloma:...

Funding worth AU$1m (£480,000) has been awarded to a government-backed Australian energy partnership to develop a project that will demonstrate how green hydrogen production can reduce the cost of renewable methanol by up to 20%.Announced today (23rdMay), the project aims to bring together innovation in electrolysis from the UK and a growing market opportunity for renewable methanol as a sustainable...

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...

(Bloomberg) -- Namibia’s hydrogen industry has the potential to provide a substantial boost to the economy over the next seven years, its central bank governor said.Most Read from Bloomberg“By 2030, it could contribute $4.1 billion to gross domestic product, which is 32% more than 2030 GDP estimates without a hydrogen industry,” Johannes !Gawaxab told attendees at a Bloomberg ‘Namibia in Focus’...

This article is included in these additional categories:Hyundai Motor Company showcased its pioneering efforts to advance hydrogen technology and clean logistics at the Advanced Clean Transportation (ACT) Expo 2024 in Las Vegas. Central to this initiative is the introduction of the Class 8 XCIENT Fuel Cell electric truck, underscoring Hyundai’s commitment to a hydrogen-powered future.Unveiling HTWO and...

Asma RafatTimes Network May 23, 2024, 17:00 IST ISTDiscover the global surge towards green hydrogen as a clean, versatile, and sustainable energy solution for a brighter future.“I believe that water will one day be employed as fuel, that hydrogen and oxygen which constitute it, used singly or together will furnish an inexhaustible source of heat and light of the intensity of which coal is not capable.....

Countrywide Hydrogen Locks In $8 Million Funding Deal With The Tasmanian Government. Australian renewable hydrogen project developer Countrywide Hydrogen’s (Countrywide) goal to be Tasmania’s first major green hydrogen producer has been boosted by the award of an $8 million funding package from the Tasmanian Government through its Green Hydrogen Price Reduction Scheme...

Clean hydrogen: Without hefty subsidies, what LatAm can do to ride the wave  BNamericas English Source link...