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The U.K. government published a new strategy on hydrogen use Tuesday, saying the country’s hydrogen economy could potentially support up to 100,000 jobs and be worth as much as £13 billion ($17.88 billion) by the middle of the century.

In a foreword to the strategy, Kwasi Kwarteng, the U.K.’s business and energy secretary, said the government, working with industry, wanted 5 gigawatts of “low carbon hydrogen production capacity” by the year 2030, which would be used across the economy.

“This could produce hydrogen equivalent to the amount of gas consumed by over 3 million households in the UK each year,” Kwarteng said.

Explaining how it could be deployed in the years ahead, he added: “This new, low carbon hydrogen could help provide cleaner energy to power our economy and our everyday lives — from cookers to distilleries, film shoots to power plants, waste trucks to steel production, and 40 tonne diggers to the heat in our homes.”

While there is excitement about potential use cases for low carbon hydrogen, the government’s strategy also tempered expectations when it came to using it for heating, stating it expected demand “to be relatively low” by 2030.

The 5 GW target was previously included in the government’s 10-point plan for a so-called “green industrial revolution,” published last November.

In a statement accompanying the strategy’s publication, authorities said that by 2050, 20% to 35% of the U.K.’s energy consumption could be hydrogen-based. In the medium term, the U.K.’s hydrogen economy could unlock £4 billion of investment and support more than 9,000 jobs by the year 2030, the government said.

Alongside its Hydrogen Strategy, the U.K. government also published consultations related to low carbon hydrogen standards, a net zero hydrogen fund and a hydrogen business model.

One of the strategy’s key strands is to support what the government described as a “twin track” approach to different technologies, including “green” and “blue” hydrogen, with more details on production set to be released in 2022.

Described by the International Energy Agency as a “versatile energy carrier,” hydrogen can be produced in a number of ways.

One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source some call it green hydrogen, which is currently expensive to produce.

Blue hydrogen refers to hydrogen produced using natural gas — a fossil fuel — with the CO2 emissions generated during the process captured and stored. Recently, blue hydrogen has generated a significant amount of debate.

Just last week a study by researchers at Cornell and Stanford Universities, published in the peer-reviewed journal Energy Science & Engineering, said greenhouse gas emissions from blue hydrogen production were “quite high, particularly due to the release of fugitive methane.”

Basing their analysis on a set of default assumptions, the study’s authors went on to claim that blue hydrogen’s greenhouse gas footprint was “more than 20% greater than burning natural gas or coal for heat and some 60% greater than burning diesel oil for heat.”

Back in the U.K., responses to the government’s long-awaited strategy for hydrogen were mixed.

Frank Gordon, director of policy at the Association for Renewable Energy and Clean Technology, said it provided “welcome clarity.”

“The REA urged the government to provide certainty for investors, deliver a technology neutral approach and highlight the range of low carbon pathways,” Gordon added.

“The Hydrogen Strategy starts to answer those calls and offers a positive vision for the role of hydrogen in meeting the UK’s net zero ambitions.”

Elsewhere, Dan McGrail, CEO of trade association RenewableUK, called for more when it came to green hydrogen. “While we welcome positive steps like the new Net Zero Hydrogen Fund, overall the strategy doesn’t focus nearly enough on developing the UK’s world-leading green hydrogen industry,” he said.

“In the year when the UK is hosting the biggest climate change summit for years, we fear that international investors in renewable hydrogen may compare this strategy to those of other countries and vote with their feet. The Government must use the current consultation period to amend its plans and set out a clear ambition for green hydrogen.”

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U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

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U.S. crude oil falls below  a barrel to lowest since 2021 on tariff-fueled recession fears

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. 

Pavel Mikheyev | Reuters

U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.

Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.

Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.

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Oil futures, 5 years

The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.

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What EV sales slump? Illinois’ EV sales outpace the nation by 4:1

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What EV sales slump? Illinois' EV sales outpace the nation by 4:1

Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.

Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.

Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)

What’s going on in Illinois?

File:Illinois Governor J. B. Pritzker (33167937268).jpg
Illinois Governor JB Pritzker at the Chicago Auto Show; by Ray Cunningham.

While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.

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At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).

We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.

SOURCES: Chicago Business, Ray Cunningham; featured image by the author.

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

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XCMG launches XE215EV battery swap electric excavator ahead of bauma

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

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XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

SOURCE | IMAGES: XCMG.

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