Hydrogen fuel has been talked about as the next big clean energy technology for years,...
And while enthusiasm abounds, the reality was few clean hydrogen projects have been finalized, raising questions of how committed large energy and industrial companies actually are to the technology.Jigar Shah, director of the Department of Energy’s Loan Programs Office
“It’s obvious looking around this room the finance folks are not here because they’re nervous about being first, second or fifth out of the gate,” he said. “People have gotten very enthusiastic about where hydrogen is going, but there are some realistic milestones we need to meet.”for years, the solution to cleaning up emissions from long haul trucks, cargo ships and other heavy industries that are not easily electrified, and a potentially lucrative business for oil-producing regions like Texas.
e $7 billion awarded to the Department of Energy last year to develop six to ten hydrogen hubs around the country. The challenge is convincing large financial institutions or the energy and industrial firms that are going to be bankrolling these projects that clean hydrogen is a good investment.
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