Hydrogen: Getting to FID, Locking in Offtake

The hydrogen projects are among the few with announced commissioning dates that have made it past the final investment decision stage amid the global clean energy drive. It's a destination that many hydrogen producers hope to reach. However, the road has been bumpy. Hydrogen is a promising deca...

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Bibliographic Details
Published in:Oil & Gas Investor 2024-07, Vol.44 (7), p.66-68
Main Author: Addison, Velda
Format: Article
Language:English
Subjects:
Ammonia
Carbon sequestration
Clean energy
Clean technology
Coal-fired power plants
Corporate presidents
Decarbonization
Energy storage
Energy transition
Fossil fuels
Gases
Hydrogen
Hydrogen production
Inflation Reduction Act 2022-US
Infrastructure
Natural gas
Renewable resources
Startups
Taxation
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Summary:The hydrogen projects are among the few with announced commissioning dates that have made it past the final investment decision stage amid the global clean energy drive. It's a destination that many hydrogen producers hope to reach. However, the road has been bumpy. Hydrogen is a promising decarbonization tool but it can be more expensive compared to fossil fuel-based products. Developers need to lock in buyers to move projects forward. Policy could help, but uncertainty--particularly in the US regarding demand and qualifications for hydrogen production tax credits--remains.
ISSN:0744-5881