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Green Hydrogen H2 News

Brazil is setting its sights on becoming a major player in the low-emission hydrogen sector, with Thymos Energia estimating that the country needs to invest a substantial $28 billion in hydrogen projects by 2030. This ambitious endeavor aims to produce 20 million tons of hydrogen per year, a goal that could potentially increase to 38 million tons per year, considering projects in various stages of development.

Green Hydrogen H2 News

The Netherlands is making bold strides towards a more sustainable future by embracing green hydrogen as a key element of its decarbonization strategy. However, the road to achieving this vision is encountering a significant obstacle – the rapidly increasing costs associated with using the electricity grid. These rising expenses have the potential to undermine ambitious plans for large-scale green hydrogen production, a critical component in the nation’s efforts to reduce carbon emissions.

Green Hydrogen H2 News

For years, the world’s automotive landscape has been dominated by the relentless march of electric vehicles (EVs). Electric motors are widely hailed as the future of mobility, promising cleaner, more sustainable transportation. Yet, beneath the surface, other alternative fuel technologies continue to quietly advance, including hydrogen. And now, a company based in Graz, Austria, has unveiled an impressive hydrogen-powered engine that’s challenging the traditional gasoline paradigm.

Green Hydrogen H2 News

Across the globe, coal power plants are approaching the end of their operational lifespans, raising questions about the transition from coal-dependent communities to greener energy sources. South Africa, home to a significant fleet of over 20 gigawatts (GW) of coal power, is one such place where the challenges and opportunities of this transition are prominent.

Green Hydrogen H2 News

The cost of producing green hydrogen is a significant barrier, with a price tag of up to $8 per kilogram, roughly six times the cost of liquefied natural gas in Asia. To make green hydrogen more accessible, there’s a need to reduce production costs significantly.

Green Hydrogen H2 News

These incentives encompass substantial tax breaks, ranging from 33 percent to 55 percent of due taxes, aimed at stimulating green hydrogen production. Additionally, the government is encouraging the local production of electric vehicles to further enhance the country’s eco-friendly initiatives.