The global supply of low-carbon hydrogen is set to be dominated by the US, Europe, and China by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to a recent report by BloombergNEF (BNEF).
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Japan, the United States, and Canada have unveiled ambitious national hydrogen strategies, signaling a significant shift towards decarbonization.
Despite concerns over US green hydrogen subsidy rules, Fortescue has embarked on its first hydrogen production project in Buckeye, Arizona, acquired from Nikola.
The hydrogen industry has called upon the US Treasury Department to alleviate expected environmental requirements tied to new tax credits. Industry leaders have voiced concerns that the proposed stipulations might stifle the burgeoning hydrogen sector.
Expanding the use of hydrogen fuel in Europe and the United States may require an investment exceeding $1 trillion, according to a senior executive at Mitsubishi Heavy Industries.
S&B has completed the largest electrolytic liquid hydrogen production facility in the United States.
StormFisher Hydrogen has secured a substantial investment of US$30 million from ARC Financial Corp. This infusion of capital is set to propel the company’s plans to develop a portfolio of projects across the United States and Canada.
The surge in federal subsidies and investments aimed at advancing hydrogen fuel production in the United States is encountering growing scrutiny as concerns mount over its actual environmental impact.
The United States Treasury’s proposed hourly matching rules for green hydrogen production, aimed at qualifying for the top rate of the $3/kg production tax credit (PTC), have sparked debates regarding their potential impact on the cost, efficiency, and carbon intensity of hydrogen production in the country.
Plug Power has recently secured a significant contract to supply hydrogen infrastructure and fuel cell solutions to a major U.S. automobile manufacturer.
