Canary Media's Julian Spector is reporting on green hydrogen.
The article highlights the urgent need for green hydrogen to decarbonize heavy industries like steel, cement, and chemical manufacturing in the U.S. Currently, there's a lack of clean hydrogen production in the country, but several developers are working on projects to supply low-carbon alternatives for these industries. Green hydrogen production involves either electrolysis powered by renewable energy or other carbon-free methods like nuclear-powered electrolysis or methane reforming with effective carbon capture. The U.S. aims to reduce the cost of green hydrogen to make it more competitive with fossil-fuel-based hydrogen. The Inflation Reduction Act of 2022 offers significant tax credits to boost green hydrogen production. Additionally, President Biden has announced funding for seven regional hydrogen hubs to stimulate the hydrogen economy. Companies like Air Liquide, Air Products, Linde, Messer, and cleantech innovators are exploring green-hydrogen facilities. Plug Power, for instance, is expanding its green hydrogen production capacity significantly. The article underscores the challenges and the rapid development needed in the green hydrogen sector to meet industrial demands and contribute to decarbonization efforts.
Source: Canary Media
(This article was written with assitance from ChatGPT)