The Biden administration plans to set strict requirements on the sources of carbon-free electricity used by hydrogen producers seeking lucrative federal incentives, according to news reports citing leaked information regarding long-awaited rules for the Inflation Reduction Act’s clean hydrogen tax-credit program. Politico and Bloomberg this week reported on leaked details of draft guidance from the...
Hydrogen Subsidies
By Michael Liebreich, Senior Contributor, BloombergNEF My last column was the first half of a two-parter on how the net zero transition would be both harder and easier than we might think. The second part will appear early next year. In the interim, however, the sixth Hydrogen Energy Ministerial in Japan announced a target of 150 million tons of hydrogen demand by 2030, of which 90 million metric tons...
ContentsKey Takeaways. 1Executive Summary. 2Policy Recommendations for the United States. 5Hydrogen Production. 7Blue Hydrogen. 8Green Hydrogen. 11Transporting and Storing Hydrogen. 18Transportation by Pipeline. 19Trucking Hydrogen. 20Seaborne Transportation. 20Storage. 21Solving for Hydrogen: A Different Approach to Transportation and Storage. 22Markets and End Users. 23Existing Markets for Hydrogen....
The United States Treasury Department will reportedly issue draft rules this week for the Inflation Reduction Act’s (IRA) 45V tax credit to incentivize clean hydrogen production. Leaked details suggest they will require electrolyzers—which split water into hydrogen and oxygen using electricity—to use clean power to earn the subsidy. This requirement—using clean power, not fossil fuels—has been...
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 link...
'Nearly €9bn' | France unveils plan for 6.5GW of 'low-carbon electrolytic hydrogen' by 2030 in draft update of national ... Hydrogen Insight Source link...
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 link...
'South Korea must invest in hydrogen-based steelmaking — or lose out to Europe': report Hydrogen Insight Source link...
The Department of Treasury’s new proposed rules for tax credits for “clean hydrogen” could be a boon for boosting the nascent clean energy field, advocates say. But some companies, including oil and gas producers, and politicians say they are too strict to accelerate the industry quickly enough.The rules will establish how clean the plants need to be to...
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 link...