Full Title: Unlocking the Opportunity of Low-Carbon Hydrogen: Investment, Incentives, and Collaboration
Author(s): Vinson & Elkins
Publisher(s): Vinson & Elkins
Publication Date: June 5, 2023
Full Text: Download Resource
Description (excerpt):
Producing hydrogen in a carbon-neutral manner is challenging (and potentially
expensive), but the many colorful means of producing hydrogen provide exciting
opportunities. Once available, it can be used in almost every vertical in the energy
space — ranging from power generation to energy storage to e-fuels production for
aviation and heavy road and rail transport, to cement and steel production, as well
as in applications in other carbon-intensive industries.
The regulatory framework for the production and use of hydrogen has taken
a number of favorable turns over the past year, which has resulted in projects
that were interesting in concept only becoming actionable for the purposes of
development. While the regulatory framework has become favorable, it is not
in and of itself enough to ensure success. As with any long-term infrastructure
project, there are a number of issues that counterparties will have to work through
to provide for a viable and bankable hydrogen project.