Locator: 48734HYDROGEN.
For the archives. I have absolutely zero interest in this story but it may be important for the archives someday.
MIT: finding a solution to a problem that doesn't exist; and
producing a product "no one" wants. Producing hydrogen from aluminum
cans and seawater.
“No sane project developer is going to start producing hydrogen without having a buyer for it, and no sane banker is going to lend money to a project developer without reasonable confidence that someone’s going to buy the hydrogen,” BNEF analyst Martin Tengler notes.
“It’s no different than any other energy development at scale. Natural gas pipelines didn’t get built without customers,” says Laura Luce, chief executive officer of Hy Stor Energy.
Meanwhile, Trump’s “Big, Beautiful Bill” could have dire consequences for the hydrogen sector if it becomes law. The sweeping policy bill will do away with billions in tax credits provided by Biden’s Inflation Reduction Act (IRA), with Section 45V tax credit considered a major boon for low-carbon hydrogen and ammonia projects across the country. Losing 45V tax credits may seriously erode the economic viability of dozens of companies including Plug Power (NASDAQ:PLUG), Air Products & Chemicals (NYSE:APD), CF Industries (NYSE:CF), Bia Energy, Clean Hydrogen Works and Monarch Energy.