When the Biden administration pledged up to $1 billion in awards for two “green steel” projects earlier this year, it signaled an important step in the emerging effort to decarbonize one of the world’s dirtiest industries. Before the announcement, the United States was largely seen as a laggard globally, with steelmakers in Europe and China already pursuing green steel projects of...
The company has a strong track record in hydrogen commercial vehicle conversion, which, according to ULEMco, creates further demand for clean fuel in transport and construction applications. The capital raised is planned to be used to accelerate ULEMCo’s development activities in hydrogen dual fuel, fuel cell and zero-carbon emission combustion.Among the new investors is Mercia Ventures, who led the...
Prior to the...
Energy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices. Clean hydrogen projects are finding a pathway to final investment decisions despite global headwinds, through careful renewable power procurement, matching hydrogen production with anchor offtake agreements and state support, while...
H2 Green Steel secures another seven-year offtake, as lenders hint at what makes these short-term deals bankable Hydrogen Insight Source link...
In August 2021, the UK government published its Hydrogen Strategy and a number of consultations on policies to encourage the development of a UK low carbon hydrogen sector (see posts (1) to (4) in this series here). In a sector where countries are competing keenly to be among the first to capitalise significantly on the coming low carbon hydrogen revolution, momentum is crucial, and April 2022 saw...
Turquoise hydrogen is derived from waste plastic, and Williams said it offers a “sustainable answer” to the problem of unrecyclable plastics that are “too difficult or too expensive2 to recycle, or which struggle to find a secondary market where they’re sold for profit, recycled and reintroduced to the supply chain. Turquoise hydrogen is said to be halfway between green hydrogen, which is...
The most generous, lucrative, and all-around lavish subsidy in President Joe Biden’s climate law, the Inflation Reduction Act, is the new tax credit for clean hydrogen production. Under the policy, a company can get a bounty of up to $3 for each kilogram of hydrogen made with clean electricity that it produces and sells. There are few legal limits to what a company can earn.So it figures, then, that...
Visakhapatnam: The three-day Indo-US workshop on hydrogen and global decarbonisation commenced here on Monday. The Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam, collaborated with Stony Brook University, New York, for the workshop. IIPE director Prof Shalivahan expressed his thanks to NTPC for their support in the hydrogen generation project. “The unique feature of the workshop is...
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