Low subsidy rates expected, says Hydrogen Europe post-EU auction
Hydrogen Europe has said the low subsidy rates awarded by the European Hydrogen Bank’s (EHB) pilot auction were expected.
Hydrogen Europe has said the low subsidy rates awarded by the European Hydrogen Bank’s (EHB) pilot auction were expected.
The European Hydrogen Bank (EHB) has awarded seven renewable hydrogen projects with almost €720m ($772m) in subsidies with projects set to gain less than €0.5/kg of hydrogen.
The latest Hydrogen UK report has forecasted that the country’s hydrogen sector will result in over 29,000 direct jobs and £7bn ($8.7bn) in annual direct and indirect GVA by 2030.
US Energy Secretary, Jennifer Granholm, said the report’s findings were “sobering.”
“You need to be realistic because the moment you become non-pragmatic; you lose credibility and you lose the reality of how to deliver,” Javier Cavada tells H2 View.
The European Parliament has passed the Net Zero Industry Act (NZIA) to recognise and strengthen the role of waste-to-energy in transition initiatives.
The European Parliament has approved updated plans for cross-border roads, railways, bridges and tunnel projects to serve alternative transport on the trans-European transport (TEN-T) network.
Alberta’s government is investing CAD $57m ($41.7m) to support the development of new hydrogen technologies across 28 projects.
Uncovering the strongest avenues for hydrogen investment, emerging markets and future demand will all be up for discussion at H2 View and gasworld’s co-hosted Hydrogen Intelligence Summit 2024 in London, UK, on May 21.
While many of the projects have previously been announced, Topsoe today revealed plans for its over 1GW solid oxide electrolyser (SOEC) factory in Chesterfield Virginia.