Fortescue Energy CEO urges Australian gov for hydrogen tax credit flexibility
Hutchinson told H2 View, “Grant a period of grandfathering to get where you want to get: that’s the biggest message to the Australian Government.”
Hutchinson told H2 View, “Grant a period of grandfathering to get where you want to get: that’s the biggest message to the Australian Government.”
The Australian Federal Budget has earmarked AUD $22.7bn ($15bn) over the next 10 years to support domestic manufacturing, with green hydrogen producers offered an AUD $6.7bn ($4.4bn) tax credit scheme.
Australia’s Hazer Group is looking to supply technology to a 2,500 tonne per year commercial hydrogen production facility in Canada after successfully completing 100 hours of operation with its methane pyrolysis technology.
Asahi Kasei has begun operation of a multi-module hydrogen pilot plant in Japan ahead of commercialisation of a 100MW alkaline electrolysis system in 2025.
Despite progress, hydrogen development has fallen short of expectations, according to Ivo Bols, President of Europe and Africa at Air Products, speaking at the World Hydrogen Summit in Rotterdam, the Netherlands.
The first 100kg vehicle-mounted liquid hydrogen system has been developed in China, according to local reports.
H2 View’s most recent electrolyser webinar, sponsored by FuelCell Energy, hosted one of the busiest Q&As in our webinar history.
SK E&S has held a completion ceremony for the “world’s largest” liquefied hydrogen plant, capable of producing 30,000 tonnes per year.
Meeting shipping’s demand for e-fuels could require 1TW of hydrogen production capacity and 2TW of renewable energy generation by 2050, according to the Global Maritime Forum.
Hysata has secured $111m in Series B fundraising led by bp Ventures and Templewater to support the development of its high-efficiency electrolysers.