Australian Senate passes green hydrogen tax credits as uncertainty rises
Passage through the Senate will allow the Australian Government to implement the act and create the hydrogen production incentives.
Passage through the Senate will allow the Australian Government to implement the act and create the hydrogen production incentives.
The hydrogen boom of 2021–22 may have been fuelled by ambition, but its future will be determined by pragmatism.
Hysata’s electrolysers significantly boost efficiency, increasing from 75% in existing commercial models to 95%, achieving an energy consumption of just 41.5 kWh per kilogram of hydrogen.
The ammonia-to-power solutions provider said it would open an office in Pangyo Techno Valley to bring it closer to investors and key maritime and hydrogen supply chains.
GWGI’s H2 Intelligence reports that Air Products plans to introduce more than 1.4mtpa of clean hydrogen by 2033 – ahead of Linde and Air Liquide at 0.72 mtpa and 0.59 mtpa, respectively.
Regarding the $374m project Peter Malinauskas said, “[If] GFG doesn’t invest or found itself in even more challenging financial circumstances than it is currently in – then we put ourselves in a precarious position.”
Chinese electrolyser costs have a limited impact on overall project expenses, as equipment accounts for 30-40% of total costs, says Splitwaters CEO Deepak Bawa.
“Precise material selection ensures optimal performance and reliability in these demanding environments.”
HySights says one key reason for slow project realisation is a “lack of typical risk metrics like a market price, leading to uncertainty and a lack of confidence in new energy investment and offtake decisions.”
The Queensland Government has denied Stanwell Corporation’s $614m funding request for its 800-tonne-per-day green hydrogen plant.