US Energy Secretary Jennifer Granholm launched the Hydrogen Shot initiative
US hydrogen industry eyes tax credit
Stimulus needed on both supply and demand sides of the equation if hydrogen economy is to be accelerated, says industry lobby group
New US tax credits and other incentives for the hydrogen sector should be adopted to help the country meet the Biden administration’s new goal of slashing the cost of clean hydrogen by 80pc, to $1/kg, within a decade, according to a leading lobbyist. This price level would make hydrogen competitive with conventional fuels—a development seen as vital to hydrogen’s adoption. Tax credits for green hydrogen would be key to reaching that goal, according to Morry Markowitz, president of the Fuel Cell and Hydrogen Energy Association (FCHEA), the national trade body. “It is a start that could provide certainty in the marketplace,” says Markowitz, noting that a production and an investment tax credit
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
