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Related Articles
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Industry is seeking clarity
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
BP exits $55b Australian green mega-project
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
Hydrogen leakage poses growing threat to green scale-up
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
Stellantis halts hydrogen vehicle programme
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets

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