It’s been a breathless couple of years when it comes to US hydrogen policy. Since August 2022 and the Inflation Reduction Act (IRA), we have seen a very public and energetic debate, as well as plenty of market activity and R&D efforts, in hydrogen.
Of course, it was the lure of up to $3/kg from the clean hydrogen production tax credit (PTC) offered by Section 45V within the IRA that got the ball rolling. Electrolyzer OEMs and project developers sat up, took notice, and waded in.
New factories, large-scale projects and new US-focused business strategies were announced.
Now, less than two years on, the US Regional Clean Hydrogen Hubs
(H 2Hubs), selected for a combined $7bn of funding, have called on the government to amend the proposed guidance on the IRA’s clean hydrogen PTC.
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