U.S. Treasury Plans Strict Criteria for Low-Carbon Hydrogen Subsidies, Leaked News Suggests

1.) Leaked news suggests the U.S. Treasury Department will adopt strict eligibility guidelines for its low-carbon hydrogen subsidies.

2.) Maersk orders four “very large ammonia carriers” – at 93,000 cubic meters of cargo space, they will be the largest such vessels in operation when commissioned in 2026.

3.) Norwegian developer Scatech has signed an MOU with Egypt’s Suez Canal Economic Zone to develop a $1.1bn green methanol plant to offer clean maritime fuel to ships in the canal, yielding 27,000 metric tons of H2 annually by 2027.

4.) New York’s 12-turbine, 130 MW South Fork Wind project delivers energy to Long Island from first two turbines, while Avangrid and Copenhagen Infrastructure Partners say they have installed the first five 13 MW GE Haliade-X turbines at the 800 MW Vineyard Wind offshore project, with first energy to be delivered to Massachusetts before year’s end.

5.) A review of data for FY 2021 reveals there were over 6,000 energy outages at Department of Defense installations across the U.S., totaling over 3,000 lost days of power.  About 98% of DOD installations rely on the grid.

6.) Liquid CO2 battery company Energy Dome advances first large energy storage project - a 20MW/200MWh undertaking in Sardinia.

7.) U.S. battery swapping company Ample is collaborating with Stellantis to service a fleet of 100 Fiat 500e electric minicars.

8.) The Treasure issues-long awaited guidance on domestic content in batteries eligible for EV tax credits, temporarily exempting some trace critical minerals from new strict rules barring materials from China and other countries deemed a "Foreign Entity of Concern."

9.) Volkswagen advances vehicle-to-home capabilities with a pilot project in Sweden, with bi-directional flows to homes. Houses with solar will be able to use EV batteries to store energy and discharge to residences from vehicles.