The hype around clean hydrogen has gone into overdrive over the past 10 months, but for all the project announcements the amount of actual investment in the sector remains relatively small.
Suman Khatiwada, co-founder and CTO, talks at Syzygy Plasmonics Tuesday, May 2, 2023, in Houston. The company has developed new technology that could revolutionize the green hydrogen space by providing a low-cost, energy-efficient way to produce clean hydrogen.Goldman Sachs published a newsletter titled"The hydrogen revolution accelerates,"
But for all the project announcements along the Gulf Coast and commitments from large companies like Exxon Mobil and Air Liquide, the amount of actual investment in the sector remains relatively small, raising questions about when construction on hydrogen facilities will actually begin. "Energy transition projects — such as hydrogen, offshore wind and carbon capture — that rely on significant debt financing from traditional lenders are increasingly challenged as they approach financial close and final investment decision despite significant funding included in the Inflation Reduction Act," Gardett wrote.The Biden administration's plans for rolling out clean hydrogen
“Right now that switch is going to be tough,” said Alex Kizer, senior vice president for research at the nonprofit Energy Futures Initiative. “A demand signal doesn’t exist in the United States right now and that’s what everyone is working through.”
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