BP's abrupt exit from green hydrogen in 2025 marks a pivotal moment in the energy transition. Once a flagship project for the oil giant's decarbonization ambitions, the $36 billion Australian Renewable Energy Hub (AREH) has been shelved as BP refocuses on oil and gas. This decision reflects a broader industry reckoning: green hydrogen, long hailed as a “silver bullet” for decarbonizing heavy...
Fortescue’s recent decision to abandon two major hydrogen-for-energy projects after reaching Final Investment Decision (FID) serves as an important signal for policymakers around the world, particularly in the UK, which is pretending its autumn hydrogen strategy update will be evidence led. These cancellations, one located in Gladstone, Australia, and another in Arizona, USA, represent more than...
Oil India Delays Green Hydrogen Bid Deadline to Aug 6 Fuel Cells Works Source link...
Capacity 602 MW – The Netherlands spent 700 million euros to subsidize 11 hydrogen energy projects Eleven new projects involving large-scale electrolyzers have been launched in the Netherlands, with about 602 MW of subsidized electrolyzer capacity. Refineries, chemical industries and gas stations can further improve sustainability and reduce carbon dioxide emissions with...
The government is providing over €700 million in subsidies to companies that will produce sustainable hydrogen in the Netherlands. The government will accelerate the development of sustainable hydrogen in the Netherlands. This will increase security of supply, contribute to the sustainability of industry and mobility, and reduce CO2 emissions ....
11 New Hydrogen Projects in Netherlands with €700M Subsidies Fuel Cells Works Source link...
Netherlands – 11 projects receive subsidies for the production of sustainable hydrogen – €700 million in subsidies The government is providing over €700 million in subsidies to companies that will produce sustainable hydrogen in the Netherlands. The government will accelerate the development of sustainable hydrogen in the Netherlands. This will increase security of...
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FRANKFURT, Germany -- The European Union is adding restrictions to its subsidy program for "green" hydrogen production that effectively lock out Chinese-made equipment as the bloc looks to avoid a repeat of the damage inflicted on its solar panel industry.The change is being implemented with the second subsidy auction by the European Hydrogen Bank, slated to begin Tuesday. A project will not...
Incentivizing hydrogen fuel-cell vehicles to achieve 2050 carbon neutrality goals with subsidies for passenger car starting Mon, Jan. 20 Supporting 160 hydrogen passenger cars: ₩29.5M subsidies to cover approx. ₩70M purchases Additional benefits include tax reductions (₩6.6M), toll exemptions, and more The Seoul Metropolitan Government (SMG)...
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