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.
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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.
U.S. Treasury Department released long-awaited details on December 22 regarding the 45V federal tax credits designed for U.S. hydrogen facility developers.
“Hydrogen Economy” has transitioned from aspiration to reality in the United States, gaining momentum within the energy industry.
In a move poised to shape the future of the U.S. hydrogen industry, energy advisor John Podesta announced that the country would release crucial guidance on securing hydrogen subsidies embedded in last year’s Inflation Reduction Act (IRA).
