Maeve Alsup, reporter at Latitude Media, explains how proposed Section 45V hourly matching rules led developer Ambient Fuels to halt its green hydrogen project targeting Texas refineries.
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“I talked to the head of ambient fuels who had a massive project planned at the port of Corpus Christi in Texas. And that was a project that was specifically targeting refineries, and not only is that project on hold, Ambient's take is that hourly matching sort of cuts off refineries as a customer vertical completely for green hydrogen in the U.S. Right now, in part because the prices are so much higher with hourly matching, and in part because refineries tend to be located in Places where there's not room to add storage or off-grid renewables, which is something that other developers are doing to work around or to work with the hourly matching requirement.”
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