News

$3 Billion Planned for Next-Generation Hydrogen Power Plants

Three power plants planned in New York, Virginia and Ohio will test whether hydrogen can one day replace natural gas in electric generation. Green hydrogen -- produced by stripping the gas from water using electrolyzers powered by wind and solar -- is seen as key to eliminating carbon emissions from the industrial sector that now relies on natural gas as both a fuel source and a feedstock. Other electric generators are also exploring integrating green hydrogen into their power production in an effort to slash emissions as more states set renewable-energy mandates.

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French Recovery Bets On Hydrogen

Almost a third of funds will go towards green investments, including hydrogen energy. Ministers said €30bn of the plan would be spent on “ecological transition”, including €9bn on the development of a hydrogen industry and other green technologies.This will include support for regional hydrogen projects and a support mechanism for hydrogen produced through electrolysis.

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