President Donald Trump’s recent suspension of funding for two key Biden-era laws has cast uncertainty over the immediate future of clean hydrogen development in the US.
On his first day in office, Trump issued an executive order to halt further funding from the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA), which respectively offered production tax credits of up to $3/kg and a combined $7bn of funding for seven hydrogen hubs.
The acts will have their processes, policies and programmes for issuing funds reviewed, with department heads expected to issue recommendations to “enhance their alignment” with the new administration’s oil and gas focus.
Findings and recommendations must be submitted to the National Economic Council (NEC) and the Office of Management and Budget (OMB) within 90 days of the executive order, so the next moves will come soon.
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