- Hydrogen is a versatile energy-carrying element that can be deployed to assist with a variety of energy sector goals.
- Historically, most commercial hydrogen has been produced through oil refining and other chemical production processes.
- Clean hydrogen — produced from renewable energy, nuclear power, or fossil fuels with carbon capture technologies — can allow for the decarbonization of a range of key sectors such as long-haul transportation, iron and steel production, and energy production.
- The Infrastructure Investment and Jobs Act of 2021 contains $9.5 billion to support hydrogen across three programs administered by the U.S. Department of Energy (DOE).
- The Inflation Reduction Act of 2022 contains two major tax credit programs related to hydrogen production.
Hydrogen is the simplest and most abundant element in the universe. While highly combustible and energy-dense, hydrogen only naturally occurs on earth in compounds formed with other elements such as with oxygen to form water (H2O) and carbon to form hydrocarbons.
AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage. They have been been producing cells for over 30 years at their factory in Scotland, which can trace its roots back to the birth of lithium-ion battery cell technology, first patented in the UK.