Belgian start-up Tree Energy Solutions (TES) — which plans to produce e-methane from green hydrogen at scale — has raised €140m in its latest fundraising round, despite concerns over the viability of its core business model and its reliance on multiple subsidies. The new cash injection — much of which came from existing shareholders — will be used to help develop the company’s global...
Hydrogen Subsidies
The German government has granted millions of euros of funding to a 10MW Australian electrolyser project that aims to demonstrate that green hydrogen-derived methanol can be produced from solar power. The proposed “SM1” green methanol plant in Port Augusta, South Australia has secured a €24.3m ($26.1m) grant, with over half coming from Berlin. The 10MW project is being developed by Hamburg-based...
The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its colour, according to Wood Mackenzie’s Horizons report ‘Over the rainbow: Why understanding full value-chain carbon intensity is trumping the colour of hydrogen.’ “The push for better measurement of efforts to cut...
“We can’t be cannibalizing current demand by using those renewables” already on the grid, Behar said. “We need a strong 45V rule that will protect against harmful climate impacts. If we have weak or blurred rules, it can really carry significant climate and emissions risks that will undermine both the achievement of climate goals and industry credibility.” New technologies Startup...
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...
Green hydrogen producers vying for subsidies in the EU’s maiden renewable H2 subsidy auction — known as the European Hydrogen Bank (EHB) — are likely to have bid in enough capacity to exhaust the €800m ($862m) budget several times over, figures from the European Commission (EC) have revealed. The startling data suggests that demand for green H2 subsidies in Europe far outstrips supply by several...
A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.These are a handful of the early results from the European Union’s Innovation Fund, a €40 billion ($43 billion) investment vehicle at the core of Europe’s plans to overhaul its economy to be zero-carbon by the middle of the...
The US Treasury's proposed guidelines on green hydrogen production, published in December, call for three requirements or "pillars" that will ensure H2 is truly green and will not lead to increased emissions: additionality, temporality, and deliverability.“Additionality” means that the green hydrogen would have to produced from new renewables projects, so that they do not utilise existing clean...
The results of the first European Hydrogen Bank (EHB) auction are due to be unveiled in May, according to EU energy commissioner Kadri Simson. In a speech to the European Australian Business Council event in Sydney, Australia, yesterday she said: “The first-ever domestic auction for renewable hydrogen production under the new European Hydrogen Bank was opened last November. “The first results can...
Steel giant ArcelorMittal has said it cannot operate its European plants using green hydrogen, despite being granted billions of euros of EU subsidies to install equipment to do so, because the resulting green steel would be unable to compete on international markets. Instead, the Luxembourg-based steelmaker appears to be intending to use fossil gas instead of H2 indefinitely in its proposed “green...