Green hydrogen urgently needs demand-side push

Green hydrogen urgently needs demand-side push

India’s first-ever reverse auction that was intended to help in the price discovery for commercial green hydrogen showed that the gas could be priced at ₹400 per kg, or $4.7.  L&T Energy Green Tech won the bid to supply Indian Oil Corporation 10,000 tonnes a year from its green hydrogen plant at its Panipat refinery, via a build-own-operate (BOO) model for 25 years. The good news is that two...

PSU giants power India’s green energy charge with megabuck bets and massive targets

PSU giants power India’s green energy charge with megabuck bets and massive targets

As India raised it green energy target to 900 gigawatts (GW) by 2032 from 500 GW by 2030, leading public sector energy companies like ONGC, NTPC, GAIL and oil marketing companies like IOC, BPCL and HPCL are taking the lead in energy transition with huge capacity addition plans.State-owned oil and gas explorer Oil and Natural Gas Corporation (ONGC) is investing Rs 3,500 crore alone in this fiscal year to...

Spanish e-methanol project taps biogenic CO2 and green hydrogen | Methanol & e-fuels

Spanish e-methanol project taps biogenic CO2 and green hydrogen | Methanol & e-fuels

Three European energy companies are planning to develop an e-methanol plant in Spain that will capture around 380,000 tonnes of biogenic carbon dioxide, which will be used to produce 200,000 tonnes of synthetic methanol each year.Spanish renewable energy firm Magnon will oversee the carbon capture portion of the project, while partners Power2X and ErasmoPower2X will handle the hydrogen supply....

Japan’s Hydrogen Society Promotion Act comes into effect

Japan’s Hydrogen Society Promotion Act comes into effect

Further to its enactment and promulgation in May 2024, the Hydrogen Society Promotion Act (the "Act")1 – Japan's first law regulating businesses relating to hydrogen and its derivatives – came into effect on October 23, 2024. On the same day, both METI2 and JOGMEC3 launched their respective webpages dedicated to the Act. The overarching goal of the Act is to facilitate the expansion of the use of...

Europe Revives Industrial Hydrogen with Major Funding Despite Market Turbulence

Europe Revives Industrial Hydrogen with Major Funding Despite Market Turbulence

The hydrogen industry in Europe is gradually emerging from a challenging period marked by several bankruptcies and significant business divestitures. Recent announcements of substantial European funding indicate a new dynamic of consolidation around industrial groups equipped to handle demanding economic and competitive conditions. This revival comes as the sector continues to face major...

Decarbonising heavy industries with green hydrogen

Decarbonising heavy industries with green hydrogen

Ohmium explores how innovation, collaboration, and policy in the green hydrogen sector can tackle climate change. The global effort to limit warming to 1.5°C, as outlined by the Paris Agreement, requires immediate action to reduce greenhouse gas emissions. The Intergovernmental Panel on Climate Change highlights that emissions must peak by 2025 and decline by approximately 43% by 2030 to remain on...

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