State legislators are pleased to see the Administration’s new 45V clean hydrogen tax credit guidance. In June, more than 130 state legislators from 36 states and territories submitted a letter urging the Treasury Department, the Department of Energy, and the White House to require all eligible projects to comply with three criteria for clean electrolytic hydrogen:...

The European Commission issued a public call for the European Hydrogen Bank pilot auction with an initial budget of EUR 800 million. Renewable hydrogen producers will be able to bid for a fixed premium of up to EUR 4.5 per kilogram for a maximum of 10 years to support their projects. Just over a year after European Commission President Ursula von der Leyen unveiled a plan for a...

Industrial infrastructure operator px Group has partnered with a Norwegian developer of green hydrogen production plants in a move it says will speed up the energy transition in Europe. The North East-headquartered firm has teamed up with Hydrogen Solutions (HYDS) to initially focus on the Nordic region, with longer term sights on expansion in wider Europe. HYDS, which builds and operators the...

Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced proton exchange membrane (PEM) electrolyzers, has been selected to equip what is said to be the first green hydrogen project in Croatia. Courtesy of Ohmium Specifically, Ohmium will serve as the PEM electrolyzer supplier for IVICOM, a Croatian engineering and construction company, on a project to build...

Ethan Thornton’s vision for Mach Industries wooed blue-chip investors Sequoia and Bedrock, but he has struggled to execute, hamstrung by technical challenges, safety hazards and a cavalier approach to leadership. By David Jeans, Forbes Staff At19 years old, Ethan Thornton had a grand vision for a new company: He’d do away with the U.S. military’s centuries-long reliance on gunpowder munitions by...

(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...

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