Policy

Under its manifesto the party said it would dedicate £500m to support the development of the UK’s green hydrogen sector.

“We are capable of so much more together,” the Commissioner said. “In the coming years, we’re set to become a huge demand centre for renewable hydrogen.”

The Australian Government’s AUD $22.7bn ($15.2bn) legislative answer to the US’ Inflation Reduction Act (IRA), containing AUD $6.7bn ($4.5bn) of green hydrogen tax incentives, has been introduced to the nation’s Parliament.

“The EU needs a compelling, comprehensive and focused hydrogen implementation agenda with a budget, a timeline and a map of institutional and industrial partners,” Chatzimarkakis wrote.

The UK projects are mature, they know what the rules are, and it’s now just going through the motions and getting them deployed,” H2 View hears.

European electrolyser majors have renewed a call to Union-level policymakers to help the industry compete with Chinese manufacturers.

The World Bank has approved an additional $1.5bn loan to support India’s green hydrogen and renewable energy plans, slated to result in the production of 450,000 tonnes of hydrogen.

Plug Power says it intends to recognise US federal tax credits for green hydrogen it is producing at a facility in Georgia in its financial results despite rules for the incentives remaining undetermined.

“I think that there is a natural separating of wheat from the chaff. This is hard – or it’s certainly not easy. You need to have experience and capabilities.”

The European Commission has approved Germany’s plans to spend €3bn on supporting the construction of its planned 9,700km hydrogen core network (HCN).