Unseasonably mild winter weather conditions and improving supply fundamentals kept gas markets at ease over the 2023/24 winter: Asian and European spot prices fell to pre-crisis levels in Q1 2024. Low-emission hydrogen project FIDs remain limited and largely insufficient to meet the ambitious targets set by governments by 2030. Over 95% of hydrogen projects remain tentative. Hydrogen slides on pages 18-28
In the context of the European Union’s climate goals and regulations, and the Netherlands’ commitment to reducing its carbon footprint, the exploration of hydrogen in mobility has gained significant importance. Hydrogen, as a renewable energy carrier, is emerging as a crucial player in the quest for sustainable and zero-emission mobility. This report provides an overview of the current situation in the Netherlands, explores global trends, and delves into the specifics of California’s hydrogen mobility landscape. In the Netherlands, the anticipation is that long-distance, heavy duty transport faces limitations with traditional battery electric vehicles (BEVs). The strain on the electrical infrastructure, […]
This just released paper explores the key policies, incentives and related developments across the global hydrogen landscape. The paper looks at comparisons of different countries and their approaches to hydrogen. It also reviews different measures that will be needed to unlock the potential of low-carbon hydrogen. And finally it considers what subsidies and incentives are available with regard to hydrogen Source: Argus Media and LSEG
The latest Northwest European hydrogen Monitor has just been published. Some of the key takeaways include: 1. Demand security: scaling-up the hydrogen economy will require more efforts related to demand creation. Without demand security, no long-term offtake contracts, and without no offtake contracts no FIDs; 2. FIDs: less than 4% of the projects announced by 2030 are under construction or reached FID. This highlights the challenges to project development, especially when there is a huge uncertainty regarding future demand for low-emissions hydrogen; 3. A holistic approach to support mechanisms is needed: hydrogen subsidy schemes and support measure should target the […]
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