Norwegian electrolyser maker Nel saw its losses shrink in the first quarter of 2024 — mainly buoyed by NKr96m ($8m) of extra revenue from a renegotiated deal with truck manufacturer Nikola. Nel had originally signed a supply agreement with Nikola in 2018, which included a firm purchase order of 85MW of electrolysers and refuelling equipment for the latter’s Phoenix Hydrogen Hub in Arizona. However,...
Hydrogen Subsidies
Canary Media thanks Verdagy for its support of the Clean Hydrogen series. Should our clean energy future rely more on electrons or on molecules? That’s the question at the core of the battle over clean hydrogen, a potential fossil-fuel substitute that burns without emitting carbon dioxide. Right now, the vast majority of the world’s energy comes from molecules — dirty ones. They’re the...
Green hydrogen is not produced in Mexico, where most H2 is made from polluting fossil fuels for the country’s vast refining sector. But according to Mexico’s hydrogen trade body, Asociación Mexicana de Hidrógeno (AMH) there are at least 15 projects under development in the Latin American country, worth a total capex investment of $20bn — before the government has put in place any subsidies or...
Hyundai Motor to boost hydrogen bus production sixfold in 2024 after sales of buses made in China surpassed those for domestically made ones for the first time. South Korea’s sole hydrogen bus manufacturer Hyundai Motor Co. is set to boost its hydrogen bus production capacity sixfold in 2024 after sales of electric buses made in China surpassed those for domestically made ones...
Hyundai will increase its hydrogen bus capacity by a factor of six in South Korea this year, with expectations that it can quadruple sales on the back of increased government subsidies, according to the respected Korean publication Maeli Business Newspaper. Annual production capacity for hydrogen buses at the Korean automaker’s factories in the city of Jeonju is increasing from 500 to 3,000. Hyundai...
South Korea’s sole hydrogen bus manufacturer Hyundai Motor Co. is set to boost its hydrogen bus production capacity sixfold in 2024 after sales of electric buses made in China surpassed those for domestically made ones for the first time. According to industry sources on Sunday, Hyundai Motor‘s Jeonju plant recently ramped up its annual production capacity for hydrogen buses to 3,000 units, up from...
The proposed subsidies could be allocated over a two-decade period. Credit: DifferR/Shutterstock.com. Germany’s Ministry for Economic Affairs...
In January 2024, the Japanese government released its "Interim Summary Report" in relation to its hydrogen strategies. The Report summarizes Japan's latest plans on hydrogen, including updates on the proposed "contract-for-difference" type of government support program. Background On 29 January 2024, the Japanese government released its "Interim Summary Report" (chukan torimatome)1 (the "Report")...
The EU has approved a plan by the German government to grant steel giant ArcelorMittal €1.3bn ($1.4bn) to partially decarbonise two of its steel mills with equipment designed to use green hydrogen — despite the company saying last week that such technology is too expensive to operate with renewable H2 in Europe. The Luxembourg-headquartered company will receive the direct grant from Berlin to...
Over the past two weeks, cities across South Korea have been unveiling subsidies for hydrogen cars that will effectively halve the cost of a new model for citizens and local businesses. The entirety of this funding is set to go to the Korean-made Hyundai Nexo, the only hydrogen car currently on sale in the country. In January, the central government said it would provide subsidies of 22.5m won ($16,875)...