McDermott International, Ltd’s Post

🤝 At The AES Corporation, are proud to be part of two Regional Clean Hydrogen Hubs, which were awarded funding by the U.S. Department of Energy (DOE). Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) Hub in California and the HyVelocity Hub in the Gulf Coast of Texas and Louisiana will further strengthen the position of green hydrogen as a key for a greener energy future. Benefiting the global economy, is a critical technology to reduce emissions in some of the highest emitting industries, including shipping, steel and chemicals. 🥇 The AES Corporation will participate in two regional hubs, showcasing our leadership in green hydrogen. Last December, together with Air Products The AES Corporation announced plans to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4 gigawatts of wind and solar power generation, along with electrolyzer capacity capable of producing over 200 metric tons per day of green hydrogen, making it the largest green hydrogen facility in the United States. Learn more at: https://t.ly/Tntto #YesAES #GreenHydrogen

The article mentions that hydrogen will be used “to help replace fossil fuels such as coal and oil with cleaner-burning hydrogen as an energy source for vehicles, manufacturing and generating electricity” 1) So this is burning hydrogen rather than using it through a fuel cell i.e. internal combustion engines with all the greenhouse gases and particulates associated with that 2) Explain to me how green hydrogen (made with electricity at very low efficiency rates) is the best way of generating electricity? There is a time and a place for Hydrogen in the energy transition. Burning it in cars and to produce electricity is not it.

18 months ago I came to the U.S. Department of Energy (DOE) to ensure the selection of H2Hubs had a commercial voice with hydrogen experience. With the announcement of H2Hubs, I'm returning to the private sector to help ensure these projects and others are a success from the other side -- to prove that we aren't merely in a third hydrogen hype cycle, that this time is truly different. I'm proud to say that I had significant impact in my time at DOE through commercial analysis of H2Hubs and other OCED funding, through co-lead-authoring the ground-breaking inaugural Hydrogen Commercial Liftoff report, and in leading the commercial analysis for 45V from the DOE recommendation. While challenging at times, it was well worth it, and I would say to anyone with energy experience that the time to do your civil service with a stint as a federal employee is now. All that being said, the hardest work comes now to bring these hubs to life and ensure they are indeed hubs that can attract non-DOE projects, that they become a backbone of a US hydrogen ecosystem, and that other projects outside the hubs can benefit from their learning. This is why I am returning to my consultancy and building a team to help usher in the US H2 economy (www.cleanepic.io). Expanding from my prior financial strategy and due diligence in H2, we are using my experience in the government to add support around hubs and other projects as well as helping 45V strategy for investors, developers, and others in the hydrogen ecosystem. The opportunities in hydrogen will be here, and with proper guidance from groups like ours they will find success. If you're in energy, this is the time we can do our part to make sure this time really is different.

A reminder to register for the CHFCA Webinar with Rystad Energy next week titled "Navigating the North American Clean Hydrogen Landscape", on October 17th at 9:00am - 10:00am PST/ 12:00pm - 1:00pm EST. The VP Head of Hydrogen Research, Dr. Minh K Le, will address the ongoing surge of interest in the clean hydrogen economy in 2023. While this industry gains momentum, challenges persist due to the elevated costs of producing clean hydrogen. Governments worldwide are actively implementing incentive programs, support structures, and ambitious targets to transform these announcements into tangible progress. The North American market set a significant precedent by introducing subsidies through the Inflation Reduction Act, swiftly followed by Canada's Investment Tax Credits plan. During the presentation, we will deliver an update on the fundamental dynamics of these two markets and assess the impact of these subsidy programs. Register here: https://lnkd.in/g8maMB3Z #hydrogen #IRA #webinar #cleanenergy #hydrogeneconomy #taxcredits #cleanenergy #cleantech #greenenergy #cleantech #greeneconomy #netzero #decarbonization #climateaction #cleanenergytransition

Latin America and the Caribbean (LAC) stands as an attractive region with significant opportunities for both local use and export of hydrogen, driven by its abundance and high quality of cost-competitive renewable resources. To realize this potential, #hydrogen producers must rigorously adhere to the regulations and standards set by various markets and diverse customers. In this report, co-developed with the Inter-American Development Bank, we propose a framework for a voluntary clean and low-carbon hydrogen and derivatives certification system in LAC. The system adopts a technology-neutral approach and considers several production pathways that align with the region’s diverse energy resources. Explore our guidelines for a harmonized hydrogen certification system in LAC here 👉 https://lnkd.in/ewDzRyQ5 #Hydrogen #HydrogenCertification #LatinAmerica #LAC

Green Hydrogen - good for the environment and the legal profession "The article notes that green hydrogen projects require a large volume of detailed legal documentation and that the industry needs to develop consensus around the best practices and risk sharing. The article also suggests that green hydrogen projects can benefit from joint venture arrangements, collocation with renewables and government support schemes such as HAR1."

𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝗴𝗿𝗲𝗲𝗻 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 by Clean Energy Finance Corporation Australia aims to be a global #hydrogen leader, exporting #greenhydrogen and using it to decarbonise Australian #industries. Catalysing #investment The #CEFC is focused on investing in #projects which align with the National Hydrogen Strategy and put #Australia on a path to be a global green hydrogen leader by 2030. They are also seeking to harness the potential of green hydrogen to support the national ambition of reaching #netzero emissions by 2050. The National Hydrogen Strategy estimates that through developing a domestic #hydrogenindustry, $50 billion could be generated in additional #GDP by 2050. The download link: https://lnkd.in/d9REBQbq

It's evident that both demand and supply are required to make projects happen. For hydrogen, both are taking time to put in place - hardly a surprise since the sector is immature and cuts across many conventional structures. Moving things faster will require multiple levels of support, including the streamlining of regulations and permissions, design of relevant financial instruments, and joined-up policy. This excellent report by WBCSD, which ERM supported strongly, talks about how to join up policy for specific hard-to-abate sectors. #hydrogen #hydrogeneconomy #hydrogenenergy