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Finance US Renewables
Stuart Penson
22 September 2023
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IRA uncertainty chilling hydrogen investment – Plug

Greater clarity on rules governing 45V tax credit needed to unlock investment in the US low-carbon hydrogen sector, Plug Power CEO Andy Marsh tells Hydrogen Economist

Uncertainty over the implementation of the Inflation Reduction Act (IRA) is holding back investment in the US hydrogen sector, and the equivalent regulation in Europe is better understood by the industry, according to Andy Marsh, CEO of electrolyser manufacturer and green hydrogen supplier Plug Power. Greater clarity is needed specifically around the 45V tax credit for low-carbon hydrogen production in the US, Marsh told Hydrogen Economist in an interview. “There is no clarity at the moment, and that is the challenge. Without that clarity, it makes it challenging for people to invest in long-term projects,” he said. “That is really one of the key items for accelerating more rapidly.” “

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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