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(Reuters) – The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc to help it build up to six plants to produce clean hydrogen. The hydrogen fuel from the plants is expected to power fuel cell-electric vehicles used in material handling, transportation, and …
U.S. Offers Conditional $1.66 Billion Loan to Hydrogen Producer Plug Power Read More »
Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive …
Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies Read More »
It may be challenging to assail China’s lead in some technologies, but the field is wide open for those yet to get established. By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. When you introduce …
America’s Clean Tech Withers Even as Imports Are Blocked Read More »
Bloomberg As California’s longtime chief climate regulator, Mary Nichols once championed hydrogen fuel cell cars. Just a few years ago, as the state spent tens of millions of dollars on a planned network of fueling stations dubbed “the hydrogen highway,” Nichols was extolling the 300-mile (480-kilometer) range and quick refueling time of her own hydrogen ride, a …
Few Stations and $200 to Fill Up: Life on California’s ‘Hydrogen Highway’ Read More »
The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …
U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag Read More »
(Reuters) – JERA, Japan’s top power generator, said on Monday it has agreed with Exxon Mobil to jointly explore the development of a low-carbon hydrogen and ammonia production project in the United States. Exxon is developing what is expected to be the world’s largest low-carbon hydrogen production plant at its Baytown Complex east of Houston …
JERA, Exxon to Explore Development of Hydrogen and Ammonia Production Project in U.S. Read More »
Texas plant would make hydrogen from gas and capture carbon Woods calls on Biden administration to back IRA ‘principles’ Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview. Under the current guidelines, …
Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits Read More »
Europe and the U.S. will have to spend in excess of $1 trillion for building infrastructure to enable widespread use of hydrogen fuel, an executive at Mitsubishi Heavy Industries said on Monday. A wholesale move to hydrogen will need significant new demand, which could only come with investments in infrastructure to reduce the cost. European …
Hydrogen Adoption Will Cost Europe, US More Than $1 Trillion Read More »
Bloomberg News U.S. officials want to speed the adoption of zero-emission 18-wheelers and other trucks used to haul goods across the country. PHOTO BY USTIN SULLIVAN/GETTY IMAGES The Biden administration is rolling out its plan for deploying electric vehicle charging and hydrogen fuelling infrastructure on the nation’s freight corridors — part of a bid to decarbonize U.S. supply …
By David Fickling David Fickling is a Bloomberg Opinion columnist covering energy and commodities. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. Think of an iconic image of the petroleum age, and you may well be picturing a fountain of crude spouting hundreds of feet into the air, scattering …
Hydrogen Wildcatters Still Need to Find Their First Gusher Read More »
