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...
Hydrogen Subsidies
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...
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...
Washington, D.C. — Today, the U.S. Treasury Department released preliminary guidance to clarify which hydrogen projects will be eligible for the 45V tax credit established by the Inflation Reduction Act. Jill Tauber, Vice President of Litigation for Climate & Energy at Earthjustice, released the following statement in response: “We applaud the Biden administration for proposing stringent...
As the Biden administration works to finalize implementation guidance for the new clean hydrogen production tax credit, 45V, the fossil fuel industry and a select set of other industry actors are aggressively lobbying to loosen the rules—while everyone else is scrambling to stop them. Here’s why. First, the tax credit is generous. Extremely generous. Borderline obscenely generous. And...
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...