Canada has passed a new bill favoring developments in the clean hydrogen sector. The law, Bill C-69, provides “a refundable tax credit to qualifying businesses for investments in certain clean hydrogen projects,” EverWind Fuels, an independent green hydrogen developer, said June 21 in a press release. Bill C-69 also provides a tax credit for certain investments in clean technology manufacturing...
Hydrogen Projects
Hy2gen Norge changes name to Hy2gen Nordic. With this, the company announces a strategic expansion of its business beyond Norway to the rest of the Nordic region. Hy2gen Norge, now Hy2gen Nordic, is a subsidiary of Hy2gen AG, changing its name to Hy2gen Nordic. Hy2gen is a global player in the development, investment, construction and operation of production facilities for...
Leading hydrogen trade association Hydrogen UK has launched its manifesto – putting forward key policy recommendations for the incoming government to help the industry realise its full potential. This manifesto offers directives that range from an outline of the first 100 days in office, to longer term solutions. These include a ministerial role with direct responsibility for hydrogen within...
Trade body Hydrogen UK is urging the incoming government to ensure key green hydrogen projects can reach final investment decision (FID) within its first 100 days in office.With £2bn ($2.5bn) in revenue support already earmarked for 11 projects totalling 125MW of capacity, under the Hydrogen Allocation Round 1 (HAR1), the association has warned delays and regulatory hurdles are putting the projects at...
The UK government policies promoting blue hydrogen and gas-powered carbon capture and storage (CCS) projects might jeopardise the country’s net zero targets.These projects allegedly underestimate emissions from imported liquefied natural gas (LNG), consuming a substantial portion of the UK’s Sixth Carbon Budget.That’s according to a report by Carbon Tracker, which warns that blue hydrogen and...
Norwegian government enterprise promoting green energy initiatives Enova has unveiled its largest-ever funding allocation within the shipping sector, aimed at establishing the first functioning value chains for ammonia and hydrogen. The award totaling NOK1.2bn ($112.3m) has been spread between six shipping companies: Höegh Autoliners and Amon Maritime for ammonia-powered vessels and Maris...
Christopher NiescheJun 19, 2024 – 5.00amGift this article NewSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginWith its large amounts of sunshine and open space, Australia has the potential to become a major producer of green hydrogen. But the nation doesn’t have enough engineers with the specialist skills to take...
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Vast Renewables Limited (Nasdaq: VSTE) and Mabanaft have announced a joint development agreement for the Solar Methanol 1 (SM1) green methanol plant in Port Augusta, Australia. This project, located at the Port Augusta Green Energy Hub, aims to produce 7,500 tonnes of green methanol a year using Vast’s CSP (concentrated solar power). CSP Technology and Green Methanol Production Methanol is a crucial...
Finding a way to efficiently share risk between developers, offtakers and financiers is crucial to unlocking investment in green hydrogen projects, according to speakers at the FT Hydrogen Summit in London Commodities trader Trafigura expects to make FID on a 20MW green hydrogen facility at Milford Haven in South Wales...