Even with hefty subsidies to produce hydrogen, it’s not clear that enough buyers will emerge. Around the world, hydrogen companies have canceled several major projects over the last few years because of lack of demand. Steel makers and electric utilities that might have interest in the fuel often balk at the costly equipment required to use it.“These new rules will probably help, even if they...
The German state of Saxony-Anhalt has announced €87 million ($102m) in new green hydrogen subsidies, targeting the central German mining area. The state’s energy ministry on Thursday launched two separate funding calls, with funds made available from the European Just Transition Fund (JTF). The first, “Green Hydrogen: Electrolysers” funding pot, has earmarked €58m to support the...
Europe Must Take Risks to Stay in the Hydrogen Race, Says Nel CEO at FT Summit Fuel Cells Works Source link...
Legislators looking for a bipartisan issue should focus on blue hydrogen. IEEFA’s latest analysis shows that the process, which uses methane gas with carbon capture to produce a supposedly cleaner fuel, is a lose-lose proposition that would cost billions of dollars in subsidies for essentially zero environmental benefit. It is an...
Hype, once celebrated as a poster child for hydrogen mobility in Europe, has abandoned hydrogen as its primary fuel source, and has pivoted to solely electric vehicles for taxis. This pivot should not surprise anyone who has been closely tracking the consistent and inevitable collapse of hydrogen-powered transportation ventures around the globe. The story behind Hype’s decision to abandon...
ArcelorMittal cancels two green hydrogen-based steel projects in Germany, despite attracting €1.3bn of subsidies Hydrogen Insight Source link...
Cleveland-Cliffs is scaling back plans to build the nation's first green steel plant in Ohio, pivoting away from hydrogen and back to fossil fuels as federal incentives face repeal and political winds change in Washington.Alexander C. Kaufman reports for Canary Media.In short:Cleveland-Cliffs was set to retrofit its Middletown, Ohio, mill with hydrogen-ready equipment and electric melting furnaces,...
A robust political strategy based on realistic expectations for hydrogen production is needed as demand for the gas remains low due to its high costs and other factors, researchers at the Potsdam Institute for Climate Impact Research (PIK) said. More than 60 countries have developed industrial market ramp-up strategies for hydrogen in recent years, but in 2023, less than 10 percent of the originally...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source...
At €520 per ton of CO₂ avoided, France’s hydrogen expenditures audit, Final Observations: Support for the Development of Decarbonized Hydrogen (translation by computer), reveals a stark economic reality, that decarbonized hydrogen produced via electrolysis remains stubbornly uneconomic, relying heavily on layers of public subsidies. This cost of abatement significantly exceeds the societal...
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