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US confirms early sunset for hydrogen tax credits
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
EU under fire over blue hydrogen definition
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
Namibia eyes diversifying energy mix as oil stalls
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
Klaipeda advances ‘unique’ port project
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Oman sees green opportunities amid global trade war
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The US now provides a $3/kg tax discount on green hydrogen production for ten years
US EU Renewables Derivatives and products
Tom Young
17 October 2023
Follow @PetroleumEcon
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ITM Power joins EU manufacturers in eyeing US market

UK-based PEM electrolyser manufacturer will start to bid for US projects following the introduction of incentives under the IRA

UK-based proton-exchange-membrane (PEM) electrolyser manufacturer ITM Power has announced it will start to bid for US projects, as European manufacturers continue to focus on the region following the introduction of the Inflation Reduction Act (IRA). The firm said it can sell its standardised 20MW core electrolysis module, called Poseidon—which was launched in August—under both the EU’s and the US’ certification standards. “The US has the potential to become one of the largest markets for green hydrogen. The region’s green hydrogen journey has just started, which provides ITM with a tremendous opportunity to become a leading electrolyser provider as the market develops over the coming years,

Also in this section
US confirms early sunset for hydrogen tax credits
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
EU under fire over blue hydrogen definition
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

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