Achieving scale in green hydrogen production is of the essence and will require subsidies and policy support, at least in the early years.
By 2050, the practice of using renewable energy to electrolyze water and create hydrogen fuel may reach a global market of well over $1 trillion USD.
Former Reserve Bank of Australia Deputy Governor Guy Debelle has warned that the U.S. Inflation Reduction Act (IRA) poses a “material threat” to Australia’s push to become a green hydrogen superpower.
Also on the rise: Shoals files patent complaint for solar connectors and wire harnesses. Construction complete on largest solar plant in Texas. And more.
A partnership between Maxeon Solar Technologies and OceansLab will result in the production of the world’s first hydrogenelectric race yacht.
In addition to releasing the roadmap, the Biden Administration has earmarked billions of dollars of funding for investing in the advancement of clean hydrogen, which has many uses and can play a vital role in reducing emissions from some of the most energy-intensive sectors of our economy.
While hydrogen is poised for growth, it is not poised to knock off—or even compete with—solar and wind. Instead, if done correctly, hydrogen might help drive further adoption of wind and solar.
ZincFive is supplying its battery systems into a hydrogen fueling microgrid and a pilot DC fast charging station project of Advanced Power & Energy in Greenville, Pennsylvania.
Also on the rise: Green hydrogen production can be profitable in much of the U.S. Google partners for 500 MW environmental justice-focused distributed solar portfolio And more.
Green hydrogen projects can be profitable in “wide swaths” of the U.S., supported by new federal tax credits for clean hydrogen, according to a financial modeling analysis by the policy consultancy Energy Innovation.
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