In a closely watched climate decision that could shape the emerging hydrogen energy industry, the Biden administration today proposed a rule for production tax credits that would require new sources of clean energy to produce hydrogen.If it stands, the new rule would be a major victory for renewable energy advocates and companies betting on green hydrogen while preventing additional subsidies for the...
Hydrogen Subsidies
Some firms complain while others prepare to invest billions So while a few corporations have taken it upon themselves to speak on behalf of “the hydrogen industry” as they attack strong hydrogen rules, they have no such right. The industry is no monolith, and plenty of businesses stand ready to invest to scale up a real clean hydrogen sector. In fact, some of the loudest industry voices also...
INTERVIEW | 'European policymakers are asking us to take on too much risk for ammonia-to-hydrogen projects' Hydrogen Insight Source link...
Methane Pyrolysis in a Liquid Metal Bubble Column Reactor Source: Hydrogen Insight: To cover the cost gap with fossil fuels, Japan will offer CfD-style subsidies for domestic and imported green hydrogen starting in 2024. Projects supplying H2 from 2030 would see 15 years of payments The Japanese government is planning to launch a subsidy scheme to cover the cost gap between...
State legislators are pleased to see the Administration’s new 45V clean hydrogen tax credit guidance. In June, more than 130 state legislators from 36 states and territories submitted a letter urging the Treasury Department, the Department of Energy, and the White House to require all eligible projects to comply with three criteria for clean electrolytic hydrogen:...
(Bloomberg) – Exxon Mobil Corp. pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the Inflation Reduction Act after signing an accord to sell the low-carbon fuel to JERA Co., Japan’s biggest power provider. JERA will consider buying 500,000 tons a year, or half the ammonia produced from Exxon’s proposed low-carbon hydrogen...
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...
Clean hydrogen: Without hefty subsidies, what LatAm can do to ride the wave BNamericas English Source link...
Prior to the...
The most generous, lucrative, and all-around lavish subsidy in President Joe Biden’s climate law, the Inflation Reduction Act, is the new tax credit for clean hydrogen production. Under the policy, a company can get a bounty of up to $3 for each kilogram of hydrogen made with clean electricity that it produces and sells. There are few legal limits to what a company can earn.So it figures, then, that...