But existing policies in the U.S. focus not on the end uses of clean hydrogen, but rather on making the fuel cheaper. This is a problem because these policies don’t account for all the other costs associated with using hydrogen, he said. “You’ve got to move it to somewhere useful. You’ve probably got to store it, buffer it, compress it,” he said. “All of these things are expensive, and...
The European Union has launched its first green hydrogen auction with a maximum price of €4.50 ($4.91)/kg. The approved projects will receive subsidies for a decade, alongside revenue from hydrogen sales, and must start production within the next five years. November 24, 2023 Pilar Sánchez Molina The European Commission has launched the first hydrogen auction supported by the European Hydrogen...
Backers of a planned “hydrogen hub”’ in the Appalachian region have issued a document responding to criticism by environmentalists, saying that carbon capture and sequestration technology would mitigate greenhouse gas emissions from the project and that the hydrogen it produced would ultimately protect “environmental justice” communities from pollution currently emitted by heavy...
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), embarked on a promotional tour to entice Dutch investments in the green hydrogen sector. Heiba actively participated in the World Hydrogen Summit held in Rotterdam, the Netherlands—an influential event in Europe’s green energy landscape. During the summit, attendees explored strategies to support the global transition...
A major global energy and chemicals company has entered into a memorandum of understanding (MoU) with a provider of lower-carbon industrial heat and power, with the groups beginning engineering studies for a project showcasing thermal energy storage, hydrogen production, and carbon capture. Saudi Arabia-based Aramco and California-headquartered Rondo Energy said they executed the MoU on May 16. The...
New Mexico Tech, LANL to Receive $1.3M in Federal Funding to Explore Potential of Geologic Hydrogen May 16, 2024 PRRC’s Dr. Sai Wang is principle investigator for DOE...
In a closely watched climate decision that could shape the emerging hydrogen energy industry, the Biden administration today proposed a rule for production tax credits that would require new sources of clean energy to produce hydrogen.If it stands, the new rule would be a major victory for renewable energy advocates and companies betting on green hydrogen while preventing additional subsidies for the...
The European Commission has launched the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of renewable hydrogen can bid for support in the form of a fixed premium per kilogram of hydrogen produced. The premium is intended to bridge the...
Credit: Supplied One of Japan’s largest trading and investment business conglomerates, Marubeni Corporation, has secured a deal with the Saudi Power Procurement Company (SPPC) to build two major wind energy projects in Saudi Arabia. The projects will be developed in collaboration with Abdulaziz Alajlan Sons for Commercial & Real Estate Investment Company – Ajlan & Bros. The Power Purchase...
CAIRO - 26 May 2024: The General Authority for Investment and Free Zones (GAFI) is actively courting Dutch investment in the green hydrogen sector. GAFI's CEO, Hossam Heiba, is currently on a promotional tour to the Netherlands, participating in the World Hydrogen Summit 2024. The summit, which aims to explore ways to support the global energy transition, provided a...