15 September 2022
Gamechanger: USA introduces $3/kg tax reduction for green hydrogen
The US Inflation Reduction Act (IRA) will give generous tax credits of up to $3/kg for ten years making the renewable H2 produced in the US the cheapest form of hydrogen in the world. This might be a very important moment in the application of green hydrogen. It can make the renewable H2 produced in the US much cheaper and it can also light a fire under the many countries that aim to become major players in the nascent green hydrogen space.