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 PAC has said the UK Government’s backing of unproven, first-of-a-kind carbon capture technology to reach Net Zero is high risk and more work on the programme’s affordability for taxpayers and consumers is needed.
By 2030, Mantle8 aims to find 10 million tonnes of natural hydrogen using its scalable technology.
The facility will convert imported green ammonia into hydrogen for industrial decarbonisation, power generation and supplying refuelling stations across the UK.
FuelCell Energy wants to demonstrate 100% efficiency and leverage nuclear heat to reduce hydrogen costs by up to 30%.
“Within [the IRA] there is 45Q [tax credit] which pre-dates the IRA,” Lamba told investors. “About 90% of the projects that we are developing in the US are looking at 45Q.”
Scale Gas Solutions, Aéroports de Lyon, and Air Products lead the funding allocations, securing €8m, €7.5m, and €6.3m, respectively, for hydrogen infrastructure projects.
“We are having those active conversations, focusing largely on Asia, Japan, Korea, on potential equity partnerships.”
ArcelorMittal is investing only $0.3-4bn in decarbonisation projects in 2025, signalling a slower transition to hydrogen-based steelmaking due to policy and market challenges.
The partnership comes at a pivotal moment for JM, which has been under investor pressure to scale back spending on its hydrogen technologies business.
