90% of Linde’s current US clean hydrogen developments will be blue
“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.”
“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.”
“We are having those active conversations, focusing largely on Asia, Japan, Korea, on potential equity partnerships.”
While Oman’s hydrogen ambitions are bold and well-structured, the real challenge lies in execution.
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.
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.
While avoiding specifics on hydrogen cutbacks, Cummins has emphasised its focus on battery production.
A full retreat from clean hydrogen is improbable, but a shift in course seems inevitable.
The 17 associations stressed the “urgent need” for short- and long-term actions to correct course – with many of the actions suggesting a desire to shift away from the bloc’s heavy green hydrogen focus.
LRQA’s Leanne Halliday explores the compliance, cybersecurity and supply chain transparency requirements for the upcoming €1.2bn European Hydrogen Bank auction.
Is it only February? The start of 2025 has proven to be rockier than many could have predicted. More job cuts, more scaling back, more ambitions called into question, and the future of clean hydrogen...
