Colombia, a nation renowned for its rich coffee exports and stunning landscapes, is on the brink of a remarkable transformation. This South American country is poised to emerge as a significant player in the global shipping industry’s shift toward scalable zero-emission fuels, primarily green hydrogen.
ExxonMobil, the largest U.S. oil company, is making headlines by lobbying the Biden administration for natural gas-derived hydrogen to qualify for subsidies under the Inflation Reduction Act. This move has ignited a debate about the role of fossil fuel companies in the transition to cleaner energy sources.
Brazil, a country renowned for its pioneering efforts in renewable energy, is set to achieve another groundbreaking milestone. It will become home to the world’s first plant dedicated to producing renewable hydrogen from ethanol.
Hamburg-based Eternal Power is setting its sights on producing hydrogen in Chile for export to Germany and the broader European market. This audacious venture aligns with Chile’s ambitious goal of becoming a major exporter of green hydrogen, with the country’s Energy Ministry targeting a production cost of around $1.5 per kilogram.
Representative John B. Larson (CT-01) announced $8.3 million in new funding through the federal Hydrogen Shot Initiative to advance clean hydrogen research and development at East Hartford’s RTX Technology Research Center.
Peregrine Hydrogen recently announced the successful closure of an oversubscribed $7.8 million seed financing round, a testament to the growing interest in sustainable hydrogen production.
Great Wall Motors (GWM) is set to introduce hydrogen-powered trucks and flex hybrid passenger cars to the Brazilian market. This endeavor aligns with the global shift towards cleaner energy sources and represents a pivotal moment in Brazil’s automotive landscape.
Hydrogen is not just another element; it’s a strategic opportunity for the United States to lead the global clean energy revolution. With the right incentives, hydrogen could position the U.S. as a net-zero industrial powerhouse, maintaining the economic momentum it gained from abundant natural gas production during the shale revolution.
The U.S. Department of Energy (DOE) has taken a significant step towards a sustainable, clean energy future with the announcement of $47.7 million in funding for 16 cutting-edge research, development, and demonstration (RD&D) projects across 13 states.
ExxonMobil, one of the world’s largest energy conglomerates, is stirring up a contentious debate as it seeks substantial tax credits for hydrogen derived from natural gas, commonly known as “blue hydrogen.”
