The Austrian government has massively increased the amount of money it will make available for green hydrogen production subsidies, the country’s finance minister announced today. Only last week, a new draft law was unveiled that would provide €400m ($438.5m) of subsidies through the EU’s European Hydrogen Bank (EHB) for Austrian green H2 projects over the next ten years — €40m annually. But...
The EU should implement long-term subsidies or tax incentives to offset the higher cost of running hydrogen-powered vehicles compared to battery electric vehicles (BEVs), according to a new report from the European Commission’s Joint Research Centre (JRC). After pointing out that fuel-cell electric vehicles (FCEVs) and buses (FCEBs) “face competition from battery electric alternatives, which benefit...
image © Plug Power Europe Plug Power calls on the European Union to take inspiration from the tremendous success of the first Hydrogen Bank Auction to take a bolder step in supporting the hydrogen sector Because Plug Power operates in the U.S. and Europe, people often ask us about the difference between the hydrogen support schemes in these regions. The recent draft regulations on the...
Hydrogen Reduced Iron – Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies. Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department...
When it comes to renewable energy, hydrogen is hailed as a pivotal resource in the zero-carbon game plan. Hydrogen energy is accessible, produces lower greenhouse gas emissions and can use existing gas infrastructure to power electricity and heat, produce other gases and fuels, and more. Recently, a “new” type of hydrogen—has captured the attention of climate scientists. Natural hydrogen—often...
Press Release by World Hydrogen North America The global focus on hydrogen as a clean, versatile, and sustainable energy carrier continues to intensify. The Biden-Harris Administration's announcement of a $750 million investment across 52 projects to support America's growing clean hydrogen economy, as highlighted in a recent article published by the U.S. Department of Energy, underscores the...
SSE Renewables and Equinor have scrapped plans to use output from their planned Dogger Bank D project in the UK North Sea to produce green hydrogen. by Orlando Jenkinson Source link...
The European Union is leading the ecological transition on the roads, although in the United States we have not been too far behind either… until now. Just on the other side of the Atlantic, they have just approved subsidies for more futuristic vehicles than electric ones (and no, they are not going back to gasoline, nor are they betting everything on hybrids). Subsidies with which the EU is ahead of...
A US government plan for $1bn of subsidies for clean hydrogen users will be finalized by the end of September, the programme leader told the CERAWeek energy conference in Houston this week. Ernest Moniz, a controversial figure who was US energy secretary under President Barack Obama, was appointed by the Department of Energy in January to lead a consortium tasked with designing and implementing...
The project is reviewing the future potential for Dogger Bank D. Credit: SSE. SSE and Equinor have scrapped plans to power green hydrogen...