Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
On August 25, the United Nations General Assembly (UNGA) adopted a resolution proclaiming that January 26, 2024 will be dubbed the International Day of Clean Energy.
The manner in which hydrogen is touted as a miracle fuel of the future, you would be forgiven for thinking that it has an immaculate set of credentials, including environmental.
A team of Rice Uni engineers claim they can successfully turn sunlight into hydrogen with record-breaking efficiency in a single and apparently durable, cost-effective and scalable device.
The rising cost of energy has made us all think more carefully about how best to heat our homes. That is why there was a significant amount of interest when the Energy Secretary, Grant Shapps, recently announced the UK Government was likely to scrap plans to replace conventional boilers with a hydrogen-based alternative.
The CCS and hydrogen process will require hundreds of millions of pounds of investment and is estimated to create nearly 200 new jobs over coming years.
The Scottish Government has announced £7 million of investment in renewable hydrogen projects to drive “innovation in the production, storage and distribution.”
It’s clear that hydrogen produced from renewable energy will play an important role in supporting our transition away from fossil fuels to a low carbon energy system.
A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.