A $50 million investment from President Joe Biden’s Bipartisan Infrastructure Law will help build a new hydrogen fuel factory in Plymouth. State officials said the project will solidify Michigan’s dominance in developing clean energy. MICHIGAN—Federal grant funding awarded this month through President Joe Biden’s administration is set to help build a new hydrogen fuel...
Big Oil and other polluters are leading a “massive lobbying campaign” against the US Treasury’s proposed clean hydrogen production tax credit guidelines, centred on “greenwashing” hydrogen produced from renewables and natural gas”, says a new report entitled The Hydrogen Hustle by Friends of the Earth. The US government released proposed guidelines back in December to ensure that companies...
The Ministry of Economy and Sustainable Development has prepared EUR 29.6 million to subsidize the construction of hydrogen filling stations and electricity chargers for vehicles over the next three years. The funds should enable Croatia to get its first hydrogen filling stations for cars, buses, and trucks. The plan is to install at least six units. Out of EUR 29.6 million in...
The Austrian government has massively increased the amount of money it will make available for green hydrogen production subsidies, the country’s finance minister announced today. Only last week, a new draft law was unveiled that would provide €400m ($438.5m) of subsidies through the EU’s European Hydrogen Bank (EHB) for Austrian green H2 projects over the next ten years — €40m annually. But...
The EU should implement long-term subsidies or tax incentives to offset the higher cost of running hydrogen-powered vehicles compared to battery electric vehicles (BEVs), according to a new report from the European Commission’s Joint Research Centre (JRC). After pointing out that fuel-cell electric vehicles (FCEVs) and buses (FCEBs) “face competition from battery electric alternatives, which benefit...
image © Plug Power Europe Plug Power calls on the European Union to take inspiration from the tremendous success of the first Hydrogen Bank Auction to take a bolder step in supporting the hydrogen sector Because Plug Power operates in the U.S. and Europe, people often ask us about the difference between the hydrogen support schemes in these regions. The recent draft regulations on the...
AFC Energy: Bank hails hydrogen power group's 'significant milestone' Proactive Investors USA Source link...
Green Hydrogen – At Its Heart, the Inflation Reduction Act (IRA) is Climate and Clean Energy-driven Legislation. Eric Guter, Air Products’ Vice President, Hydrogen, breaks down guidance given by the U.S. Government on clean hydrogen production, otherwise known as the three pillars of green hydrogen production. At its heart, the Inflation Reduction Act (IRA) is climate...
Hydrogen Reduced Iron – Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies. Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United States Department...
When it comes to renewable energy, hydrogen is hailed as a pivotal resource in the zero-carbon game plan. Hydrogen energy is accessible, produces lower greenhouse gas emissions and can use existing gas infrastructure to power electricity and heat, produce other gases and fuels, and more. Recently, a “new” type of hydrogen—has captured the attention of climate scientists. Natural hydrogen—often...