Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff.Treasury and the Internal Revenue Service hosted hearings this week on the guidance they released in December governing implementation of the Clean Hydrogen Production, or...
Hydrogen Projects
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...
Press Release by World Hydrogen North America The global focus on hydrogen as a clean, versatile, and sustainable energy carrier continues to intensify. The Biden-Harris Administration's announcement of a $750 million investment across 52 projects to support America's growing clean hydrogen economy, as highlighted in a recent article published by the U.S. Department of Energy, underscores the...