The 45V credits became a cause célèbre in 2023 and a subject of enormous interest, partly due to the high stakes directly linked to the hydrogen industry—it’s a lot of money and a lot of emissions on the table—and partly because its implications surpass hydrogen. The debate muddled together several high-stakes policy questions that are fundamental to the clean energy transition—including...
Hydrogen Subsidies
Japan is now making a renewed push for the development of its hydrogen/ammonia economy, with the country targeting consumption of 20 million tons per year by 2050. With the goal of hydrogen and ammonia making up 1% of the country’s primary energy mix by 2030, there is now heightened attention on Japanese energy policy and regulatory change with key market-players watching closely for...
And thanks to proposed rules from the administration, that output may actually be low-emissions. After a year of fierce lobbying from various industry factions, environmentalists and fossil fuel companies about how the government should define “clean hydrogen,” the Biden administration in December proposed strict stipulations that experts agree will incentivize the production of genuinely...
EU hydrogen plans must be supported by subsidies, regulations- energy execs say. European governments will need to offer energy companies subsidies and regulatory support to produce renewable hydrogen to make the transition to clean fuels from fossil fuels, senior energy executives said on Wednesday. Executives from firms including Norway’s Equinor and Germany’s Uniper...
Japan is now making a renewed push for the development of its hydrogen/ammonia economy, with the country targeting consumption of 20 million tons per year by 2050. With the goal of hydrogen and ammonia making up 1% of the country’s primary energy mix by 2030, there is now heightened attention on Japanese energy policy and regulatory change with key market-players watching closely for...
The industry will also need to grapple with building or sourcing enough clean energy to run these machines. Electrolyzers are extremely power-hungry: The IEA estimates that between 44 and 90 gigawatts of renewable energy will be dedicated to hydrogen production over the next four years. Despite the difficulties, the puzzle pieces have started to come together for the supply of clean hydrogen to...
Germany’s transport ministry has halted the approval of any new hydrogen-related funding in the wake of a nepotism scandal that led to the firing of a department boss. Head of policy Klaus Bonhoff — a former long-standing boss of the National Organisation for Hydrogen and Fuel Cell Technology (NOW) — was sacked by transport minister Volker Wissing last week after previously withheld internal...
Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives.Illustration only; Archive. Courtesy of Port of Hamburg On February 12, H2Global issued a statement saying that BMWK had provided its subsidiary HINT.CO...