US a top priority for hydrogen sector
A fifth of North American projects have taken FID or beyond, compared with 7pc in the rest of the world
The US has taken top priority for hydrogen investments, according to speakers at the recent World Hydrogen Summit in Rotterdam. David Crane, director of the US Department of Energy’s Office of Clean Energy Demonstrations, expects the Inflation Reduction Act’s (IRA) clean hydrogen production tax credit and federal funding commitment toward 6–10 regional hydrogen hubs to spur not only production, but also demand. “There is a lot of excitement because of the IRA about hydrogen in north America, but coming from the corporate world as I do, one of the most important things we can do in the government in the US is create this air of inevitability that hydrogen is coming… Whether you are an energy
Also in this section
1 May 2024
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research
1 May 2024
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium
1 May 2024
Japanese company launches test module at Takasago Hydrogen Park with aim to deploy megawatt-scale demonstration project of electrolyser technology
24 April 2024
Demand for energy purposes to outpace feedstock applications by the 2040s as government policies drive consumption, says DNV