Executive Summary The global steel industry is responsible for 11 percent of global greenhouse gas emissions due to its reliance on coal. Companies and countries worldwide are investing private and public funds to clean up the steel industry. LeadIT’s Green Steel Tracker has documented 89 decarbonization announcements in the steel industry as of...

Germany has earmarked €350m from its national budget to support renewable hydrogen production under the European Hydrogen Bank’s new Auction-as-a-Service (AaaS) scheme.The scheme will follow a similar structure to the recently launched European Hydrogen Bank auctions, which offer up a fixed premium per kg of hydrogen for domestic renewable hydrogen producers.Becoming the first EU member state to...

Aurora Energy Research says it has recorded a sharp increase in green hydrogen projects, with 90% of them in early phases of development, while E.ON says that Germany’s hydrogen ramp-up is stuck due to an investment backlog. April 26, 2024 Sergio MatalucciAurora Energy Research said in its “Q2 2024 European Hydrogen Market Report” (HyMaR) that the global pipeline for hydrogen electrolyzer projects...

Axpo and Rhiienergie open largest green hydrogen production plant in Switzerland. Axpo and electric utility Rhiienergie opened the first green hydrogen production plant in Switzerland’s Graubünden canton, it was announced today. The facility, the country’s largest, is located next to the Reichenau hydropower plant in Domat/Ems and can produce up to 350 tonnes of green...

An investment fund for natural hydrogen Idrogenia, a consulting and investment company with shares in Terrensis*, is planning to launch an investment fund dedicated to natural hydrogen. This will be a first in France and Europe. Idrogenia (ideas for hydrogen) is a young company set up by Groupe Mentor, a family holding company based in Nancy and founded in 1998 by Benoit Michaux ( France’s...

The 45V credits became a cause célèbre in 2023 and a subject of enormous interest, partly due to the high stakes directly linked to the hydrogen industry—it’s a lot of money and a lot of emissions on the table—and partly because its implications surpass hydrogen. The debate muddled together several high-stakes policy questions that are fundamental to the clean energy transition—including...

The European Commission (EC) has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy.Courtesy of the European Commission; Credit: Mauro Bottaro According to the EC, the scheme was approved under the State Aid Temporary Crisis and Transition Framework,...

Japan’s biggest utility, JERA, is looking to invest in low-carbon hydrogen and ammonia projects in the Middle East, in addition to buying their output. JERA has established a division for investing in such plants. Tsuyoshi Oyama, who heads the unit’s Australia and Middle East activities, said facilities that can produce around 1 million tons a year of "blue”...

Kent part of international partnership to advance green hydrogen production. Kent, through the Centre for Logistics and Sustainability Analytics (CeLSA), has joined a consortium led by Ikigai Group and Nelson Mandela University that has won a UK Government grant to explore the viability of green hydrogen production and export infrastructure from South Africa’s Eastern...

The main driver of that decline will be the power sector, where emissions are expected to plummet over the next decade as more and more wind, solar, and storage projects plug into the grid. Transportation is the next biggest contributor. Rhodium Group forecasts the sector — currently the biggest source of carbon emissions in the U.S. — will cut its emissions by about 23 percent between 2022...