Bright spots for hydrogen project development emerge amid investment delays

REA Response

Enhancing the hydrogen economy can help meet our energy needs today and ensure a reliable energy future.

Bright spots for hydrogen project development emerge amid investment delays

S&P Global, May 22, 2024

Clean hydrogen projects are finding a pathway to final investment decisions despite global headwinds, through careful renewable power procurement, matching hydrogen production with anchor offtake agreements and state support, while incumbent producers also have an advantage. Low-carbon and renewable hydrogen project delays are well documented around the world, with policy uncertainty, cost inflation and difficulty securing competitive offtake agreements common barriers

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Texas Leads Nation in Weather-Related Outages

REA Response Texas’ growing economy and population demand more power. Investing in carbon capture technology can strengthen our grid and provide reliable energy, even during extreme weather conditions. Texas Leads Nation in Weather-Related Outages The Dallas Express, Jul. 26, 2024 As parts of the state recover from Hurricane Beryl’s impact,

Half of Texans don’t think the power grid will hold up this summer: Poll

REA Response A majority of Texans are deeply concerned about a widespread electrical grid failure this summer. Given the anticipated increase in electricity demand, advancing CCUS is the best path to meet energy needs with fewer emissions. Half of Texans don’t think the power grid will hold up this summer:

ExxonMobil taps Air Liquide for low-carbon hydrogen project

REA Response ExxonMobil and Air Liquide teamed up for a $850 million investment in Baytown, to expand low-carbon hydrogen production. Texas is set to lead in producing affordable hydrogen for a reliable energy future. ExxonMobil taps Air Liquide for low-carbon hydrogen project Utility Dive, Jun. 26, 2024 Dive Brief: ExxonMobil

REA Response