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.
Oil giant Shell has shuttered seven hydrogen refueling stations in California, dealing a blow to the hydrogen-powered passenger car market in the US.
Eneos Corp, Japan’s largest refiner, has unveiled a significant investment in MVCE Gulf Coast, a company specializing in clean hydrogen production in the U.S. Gulf of Mexico.
The battleground for America’s green hydrogen future is heating up as the proposed guidelines for obtaining green hydrogen exemptions create a rift between supporters and opponents of President Joe Biden’s administration plan.
