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Related Articles
Letter on hydrogen: 45V on the brink?
Defining moment for US hydrogen sector as House Republicans seek termination of green tax credits
Air Products CEO spells out new reality for clean hydrogen
Projects will progress only if they are backed by firm offtake deals, with much of firm’s clean hydrogen portfolio underperforming, Eduardo F. Menezes tells investors
Green hydrogen growing, but barriers remain
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
Hy24 enters North America with StormFisher investment
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
US hydrogen industry may ultimately benefit from Trump
Sector awaits clarity on tax credits and loan programmes amid mixed signals from the Trump presidency
Hydrogen Market Databook 2025: North America
Both the US and Canada have ambitious plans for their hydrogen sectors
Letter on hydrogen: Doubling down in Davos
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
Hydrogen Market Databook 2025: Asia
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
US finalises hydrogen tax credit rules
A greater number of projects will be eligible for 45V tax credits following a long period of industry consultation
Outlook 2025: US hydrogen’s next inflection point
With a new president and new Congress imminent, attention must turn to the next stage of hydrogen development
Tokyo Gas will use hydrogen from its electrolyser projects
Japan US Utilities
Polly Martin
10 March 2023
Follow @PetroleumEcon
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Tokyo Gas and H2U to develop iridium-free PEM electrolysers

The two firms have signed a multi-year joint development agreement with the ambition to reduce proton-exchange-membrane electrolyser costs and protect against supply chain risk

Japan’s Tokyo Gas and California-based startup H2U Technologies have entered a multi-year joint development agreement aimed at developing iridium-free proton-exchange-membrane (PEM) electrolysers. PEM electrolysers are able to ramp up and down in response to fluctuating input, making them well-suited for direct connection to renewable assets. However, they are significantly more expensive than alkaline electrolysers, in part due to the use of platinum group metals (PGM)—iridium in particular—as catalysts. These rare metals present a potential bottleneck for green hydrogen, with consultancy Rystad estimating that PGM usage in electrolysers must fall by 70–80pc to prevent constraints on PEM el

Also in this section
South Africa’s green hydrogen plans edge forward
23 June 2025
Funding deals for two major projects lift the mood in a sector hampered by local bureaucratic delays and bearish global sentiment
Oman sees green opportunities amid global trade war
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
Letter on hydrogen: Cracking the ammonia code
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
Europe should partner with China in clean hydrogen race
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations

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