Egypt Aims For Top Spot As Green Hydrogen Producer

The North African country has ample solar and wind energy resourcesWhen Egypt hosted COP27 a couple of years ago, it was impossible to notice the number of largescale green hydrogen production projects within the massive Suez Canal Economic Zone (SCZone).Even then, it was obvious that Egypt saw its own potentialThe country is ideally suited for generating both solar and wind electricity, both of which...

EVs, green hydrogen to propel India’s journey towards net-zero target by 2070: Experts

New Delhi: The faster adoption of electric vehicles (EVs), the National Hydrogen Mission and other such initiatives will propel India's journey towards a net-zero target by 2070, eminent scientists and thought leaders have said. Speaking at an event organised by the Technology Development Board (TDB), under the Department of Science and Technology (DST), Professor Ajay Kumar Sood, Principal Scientific...

Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater

Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater. Australia-based company Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company’s technology combines engineering and science in a...

Proposed hydrogen tax credit rules could be worth billions, including projects in Pa.

The Department of Treasury’s new proposed rules for tax credits for “clean hydrogen” could be a boon for boosting the nascent clean energy field, advocates say. But some companies, including oil and gas producers, and politicians say they are too strict to accelerate the industry quickly enough.  The rules will establish how clean the plants need to be to qualify for potentially generous subsidies...

US Department of Energy Announces Seven Hydrogen-Related Projects to Receive More Than $300 Million in 48C Tax Credits

US Department of Energy Announces Seven Hydrogen-Related Projects to Receive More Than $300 Million in 48C Tax Credits. The U.S. Department of Energy (DOE) recently announced details for 35 projects across 20 states that received a total of $1.93 billion in allocations of the Qualifying Advanced Energy Project Credit (48C). This information was voluntarily shared with DOE by...

New ‘clean’ hydrogen rules will favor some regions…

The U.S. clean hydrogen industry may be vanishingly small, but thanks to new proposed rules from the Biden administration, the geography of the emerging sector is coming into focus — and not everyone is pleased with it. Late last month, the Biden administration laid out its rules for the 45V hydrogen production tax credit. It’s the world’s most lucrative incentive for using water and carbon-free...

EU to provide €720 million to support hydrogen projects – pv magazine International

The European Hydrogen Bank’s pilot auction is delivering €720 million ($768.3 million) to seven renewable hydrogen projects in Finland, Norway, Portugal and Spain. Together, they plan to produce 1.58 million tons of renewable hydrogen over a period of 10 years. May 1, 2024 Patrick JowettThe European Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe. The...

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