Fortescue: Biden Forcing Green Hydrogen Producers to Use Renewables Drives Up Prices
11 hours ago Eric Worrall 15 Comments
Essay by Eric Worrall
“… The “hourly matching” rule will force hydrogen producers to either cease production when renewables are not available … or sign up for excess renewable power …”
Fortescue slams Biden administration’s green hydrogen tax rules
Peter Ker Resources reporter
Updated Apr 21, 2024 – 2.09pm, first published at 2.00pm
Fortescue says the proposed design of the Biden administration’s green incentives scheme could triple the cost of low-carbon hydrogen projects …
The iron ore group has an ambitious strategy to become a major force in hydrogen and renewable energy …
https://wattsupwiththat.com/2024/04/24/fortescue-biden-forcing-green-hydrogen-producers-to-use-renewables-drives-up-prices/
