First US Gulf offshore wind auction to fuel region's green hydrogen push

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.

reuters.com

Relevant topic timeline:

8/28/2023

Despite headwinds, offshore wind will see 'massive' growth to 2032 – report

The global offshore wind industry experienced its second-best year ever in 2022, adding 8.8 GW of clean energy online and bringing the total offshore wind capacity to 64.3 GW globally, according to the Global Wind Energy Council (GWEC). China is expected to remain the leading market for offshore wind growth in 2023, and an estimated 380 GW of new offshore wind capacity is projected to be built by 2032, with the Asia-Pacific region accounting for nearly half of it. However, challenges such as supply chain bottlenecks and regulatory delays need to be addressed for the industry to reach its full potential.

8/29/2023

First US offshore wind auction in Gulf of Mexico attracts one winning bid

The Biden administration's first offshore wind development auction in the Gulf of Mexico resulted in a single winning bid of $5.6 million, indicating limited demand for clean energy in a region known for oil and gas production.

8/29/2023

Emergence of Green Steel in a Carbon-Free Era: In-Depth Analysis from to 2034 - Report on Global Markets for Green Hydrogen, Ammonia, and Steel

The report analyzes the global markets for green hydrogen, green ammonia, and green steel, highlighting their interconnection and importance in decarbonizing heavy industry and paving the way for a sustainable and decarbonized future.

8/29/2023

The U.S. government hoped companies would want to build wind farms of…

Despite the opportunity to generate more renewable energy and create jobs, no firms bid on the newly opened offshore wind farm leases in the Gulf of Mexico near the Texas coast, leading to speculation that Texas' antagonistic political climate towards renewable energy may have played a role.

9/8/2023

Offshore Wind Industry Faces Headwinds as Projects Stall and Profits Falter

The offshore wind power industry in the US is experiencing increased difficulties, with major players struggling to generate profits and facing potential setbacks.

9/14/2023

TotalEnergies Launches Major Green Hydrogen Initiative to Decarbonize Refineries

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.

9/14/2023

Chevron Bets Big on Green Hydrogen With Acquisition of Stake in Massive Production and Storage Facility

Chevron is making a bold bet on hydrogen by acquiring a majority stake in the world's largest green-hydrogen production and storage facility, as part of its strategy to invest in lower-carbon opportunities and capitalize on the energy transition away from fossil fuels. The company sees the potential for hydrogen to become a $1.4 trillion annual market by 2050 and aims to develop similar projects for power generation, transportation fuel, and refinery usage.

9/15/2023

Biden's 30 GW Offshore Wind Goal Faces Hurdles Due to Costs, Supply Issues

President Joe Biden's goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines by 2030 to combat climate change may be unattainable due to rising costs and supply chain delays, according to forecasters and industry insiders.

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Posted 8/28/2023, 12:42:00 PM

First US Gulf offshore wind auction to fuel region's green hydrogen push

reuters.com

Relevant topic timeline:

8/28/2023

Despite headwinds, offshore wind will see 'massive' growth to 2032 – report

8/29/2023

First US offshore wind auction in Gulf of Mexico attracts one winning bid

8/29/2023

Emergence of Green Steel in a Carbon-Free Era: In-Depth Analysis from to 2034 - Report on Global Markets for Green Hydrogen, Ammonia, and Steel

8/29/2023

The U.S. government hoped companies would want to build wind farms of…

9/8/2023

Offshore Wind Industry Faces Headwinds as Projects Stall and Profits Falter

The offshore wind power industry in the US is experiencing increased difficulties, with major players struggling to generate profits and facing potential setbacks.

9/14/2023

TotalEnergies Launches Major Green Hydrogen Initiative to Decarbonize Refineries

9/14/2023

Chevron Bets Big on Green Hydrogen With Acquisition of Stake in Massive Production and Storage Facility

9/15/2023

Biden's 30 GW Offshore Wind Goal Faces Hurdles Due to Costs, Supply Issues