Oil giant BP is killing 18 hydrogen projects, chilling the nascent industry

Quick Summary:

BP’s decision to scale back its hydrogen ambitions likely won’t be the sector’s last.

The hydrogen industry has looked to oil and gas companies as one of the best routes to growth.

Earlier this year, BP said it would develop “more than 10” hydrogen projects in the U.S., Europe, and Australia.

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Article Details

Author / Journalist: Tim De Chant

Category: Technology

Markets: United StatesAustraliaChina

Topics: Oil and gas Green hydrogen Hydrogen Climate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:45:34 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23435642

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