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
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technolo-gies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork