Lauren Petracca/Bloomberg/Getty Images Hydrogen tanks in a storage area at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, on May 9, 2023. Constellation Energy has paused its efforts to make hydrogen using nuclear power as the Biden...
Hydrogen Subsidies
FRANKFURT (Reuters) - The falling cost of producing hydrogen from renewable power offers a promising route to cutting emissions, but governments need to step in and provide $150 billion of subsidies over the next decade to scale up the technology, according to research from Bloomberg New Energy Finance (BNEF).Renewable hydrogen can be made by splitting water into hydrogen and oxygen, using electricity...
Just as the Obama administration claimed back in 2009, fuel cell technology was over a decade away. But that decade came and went. Now, 14 years later, fuel cell technology is far more economical and scalable for commercial use. The cost of FCVs have plunged over 65% over the last decade – especially for buses – on the back of innovations and production improvements. The increased affordability...
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...
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...
Japan has today (May 17) passed the Hydrogen Society Promotion Act that will provide a 15-year subsidy for Japanese-produced and imported low-carbon hydrogen.Passed through Japan’s House of Councillors with no definition of the subsidy prices, it appears importers will be able to stack the subsidy with those of the country where the hydrogen is produced.It comes as the nation looks to boost its...
European hydrogen auctions with a focus on Germany, UK, Denmark, and the Netherlands – CMS. Hydrogen auctions have emerged across the globe in recent years to subsidise and promote the production and use of renewable hydrogen as an alternative to fossil fuels. The EU, individual member states and the UK have all designed and held their own auction/subsidy schemes to bolster...
Mika Kulju, president of Danfoss Power Electronics and Drives Danfoss While the promise of a hydrogen economy has many governments and corporates excited, there are economic and practical challenges in its implementation. By 2050, estimated hydrogen production will require more than half of total electricity demand – so shouldn’t we prioritize its most economic and efficient use? Achieving net...
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Japan Looks to Extend Key Subsidies to E-Methane Energy Intelligence Source link...