Green hydrogen producer, Plug Power, aims to substantially increase production in the coming years.
Green Hydrogen is hailed as the "fuel of the future" by Union Minister Hardeep Puri, who emphasizes the importance of domestic demand and production for its success and urges investment in renewable energy to completely end fossil fuels.
The U.S. Gulf Coast's upcoming offshore wind auction is seen as an opportunity to develop a green hydrogen supply chain for the region's industrial sector, as the area lacks state mandates for renewable energy and has cheap electricity.
French oil major TotalEnergies has announced a call for tenders for the production of 500,000 tonnes of "green" hydrogen annually, aiming to decarbonize its European refineries and reduce emissions by five million metric tons of CO2 per year, with the transition to green hydrogen expected to replace grey hydrogen in its industrial activities.
Chevron CEO says the economy can handle rising oil prices, with prices on track to reach $100 per barrel due to supply constraints and a resilient global economy.
Oil majors ExxonMobil, Chevron, and BP are near buy points as U.S. crude oil prices continue to rise above $90 per barrel.
Australian company H2U is looking to scale up its green hydrogen infrastructure, but faces significant financial investment and long timelines before it can see success in the sector, which will likely require government support; while the global hydrogen sector has grown with government funding and optimism for its potential to help decarbonize the world and fill gaps in renewable energy, a new report by AFR Intelligence questions Australia's ability to compete in the global market and produce green hydrogen profitably and at scale.
Oil company Energy Barron's take is updating shareholders about its hydrogen business, focusing on the development of hydrogen technology to decarbonize the global economy.
Two hydrogen hubs projects in Pennsylvania will receive a portion of $7 billion in U.S. federal grants as part of President Biden's plan to decarbonize the U.S. economy by producing 50 million metric tons of clean hydrogen fuel by 2050.
The White House is expected to announce a significant investment in an energy project that aims to produce hydrogen from natural gas in Western Pennsylvania.
President Joe Biden will announce the locations of seven regional hubs to manufacture hydrogen, aiming to spark a new US industry that could attract around $50 billion in investments and create tens of thousands of jobs, while helping to clean up sectors like heavy-duty trucking and power plants.
The Biden administration plans to invest $7 billion in seven hydrogen production hubs across the US as part of its clean energy transition, aiming to clean up sectors such as aviation and heavy industry that are challenging to decarbonize with renewable energy and batteries, although the environmental benefits of hydrogen rely on addressing pollution from its production process.
The Biden administration plans to award up to $7 billion to create seven regional hubs across the US that will produce and utilize clean hydrogen, a clean-burning fuel with the potential to power ships or factories without emitting greenhouse gases.
The Department of Energy has chosen seven projects for a $7 billion program to promote hydrogen fuel development and production, with the Biden administration hoping it will support the growth of the clean hydrogen industry, however, skeptics argue that the initiative may not effectively reduce emissions due to the inefficient use of hydrogen in certain sectors and concerns over water intensity and worker safety, prompting calls for stricter regulations and greater community input.
The White House plans to allocate $7 billion in grants for regional hubs to produce clean hydrogen, as part of the Biden administration's efforts to shift away from fossil fuels and stimulate the production of clean hydrogen in the US.
President Joe Biden announced the allocation of $7 billion for the development of regional hubs to produce hydrogen as an alternative fuel, aiming to create jobs and reduce carbon dioxide emissions.