Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Over the past few years I’ve published assessments of the hydrogen strategies of multiple jurisdictions, including the United States, Australia, Japan, Morocco, Algeria, Egypt, the EU, and the Canadian province of Ontario, among others. News of the German chancellor coming, cap in hand, begging for liquid...
Hydrogen Subsidies
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...
The European Commission has unveiled the first round of projects that will receive subsidies from its European Hydrogen Bank, with Dutch-Portuguese-Danish consortium MadoquaPower2X one of seven recipients. The group is building a state-of-the-art green hydrogen plant in Sines, Portugal, for which they have already raised around €3 billion. The plant (dubbed MP2X) will be a major boost to...
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 qualify for potentially generous subsidies...
The U.S. clean hydrogen industry may be vanishingly small, but thanks to new proposed rules from the Biden administration, the geography of the emerging sector is coming into focus — and not everyone is pleased with it. Late last month, the Biden administration laid out its rules for the 45V hydrogen production tax credit. It’s the world’s most lucrative incentive for using water and carbon-free...
But even projects that do source fossil gas from the least leak-prone areas and capture high percentages of their carbon dioxide emissions may be hard-pressed to access the most lucrative tiers of the 45V tax credit. According to an analysis by think tank RMI, even steam methane reforming plants that capture 90 percent of the carbon dioxide they emit and source fossil gas with very low upstream methane...
The October announcement that the U.S. Department of Energy had selected seven regional hub projects for billions in federal money to spur the production of clean hydrogen was met with considerable fanfare from the fledgling industry, seen as crucial to helping decarbonize the American economy. But when the Biden administration’s Treasury Department released...