European industry upbeat on Inflation Reduction Act
Companies on the continent have taken a leading position along the value chain for potential US projects, while the EU readies a ramp-up in policy support
The EU has complained that the US Inflation Reduction Act (IRA) puts European firms at a disadvantage and could divert investment across the Atlantic, but many in the industry are far more upbeat, especially as the EU prepares its own measures in response. Rheanna Johnston, policy adviser at energy transition thinktank E3G, is sceptical that the IRA could be harmful to the EU hydrogen industry. “The main barrier for hydrogen production in the EU are high electricity costs, and here the critical piece is to expand renewable energy,” Johnston says. “Regarding hydrogen technology, EU companies have a leading position along the whole value chain and have already committed to increasing manufactu

Also in this section
31 March 2025
Saudi Aramco’s blue hydrogen progress is a clear reminder that energy companies pivoting in search of greater returns may not be throwing the H₂ baby out with the bathwater
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty