Things to Watch: Hydrogen

This podcast episode explores the future of hydrogen and its potential for increased usage. The discussion revolves around the hydrogen space, hydrogen production, and the policy and regulatory complexity faced by the industry. It highlights the delay in project financing in the U.S. due to the delay in the U.S. IRA guideline on the hydrogen tax credit as an example of the industry's challenges. The conversation also emphasizes the importance of policies in lifting the sector and providing positivity in 2024. Moreover, the podcast discusses the prospects of hydrogen development in Asia and Europe, with South Korea and Japan emerging as leading markets in Asia while the EU faces concerns regarding clean hydrogen production regulations. Additionally, the focus is on member country level subsidies and auctions for hydrogen technologies in 2024, with consideration for different technologies and their impact on emission accounting methodologies. The use of hydrogen as a solution for decarbonizing the hard-to-abate sectors of shipping and aviation is also explored, along with the influence of higher interest rates on hydrogen projects and the subsequent impact on auctions. Overall, the conversation sheds light on the challenges and opportunities in the hydrogen industry.