Texas has renewable power resources
Texas could be hydrogen export powerhouse
Investment of $30bn in US oil state’s hydrogen infrastructure could create supply base capable of competing for market share in Europe, consultant tells FT Hydrogen Summit
Texas has the potential to become a “hydrogen export powerhouse” with the ability to supply Europe at highly competitive prices, according to London-based consultants Baringa Partners. Projects in Texas could benefit from an electrolyser load factor of 70pc, based on hybrid wind and solar projects, to produce green hydrogen with support from tax credits available under the Inflation Reduction Act (IRA), Molly Iliffe, global head of hydrogen at Baringa, told the FT Hydrogen Summit in London. “If it is converted to ammonia and transported into the port of Rotterdam, it is less than half of the price of hydrogen produced from offshore wind in the UK, which is probably where the vast majority of
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