Letter on hydrogen: IRA’s election stress test
Investors in hydrogen, CCUS and other energy transition technologies face uncertainty over the outlook for government support after November’s presidential election
The Inflation Reduction Act (IRA) of 2022 has transformed the clean energy investment landscape both in the US and around the world. It has arguably set a new benchmark for the level of financial support governments need to kickstart growth in hydrogen, CCUS and renewables, unleashing billions of dollars in the form of tax credits and other subsidies. The Biden administration has gone big on the development of regional hydrogen and carbon capture hubs. The IRA has also drawn investment away from other regions, creating trade tensions with the EU and others. In the electrolyser industry, several European manufacturers have pivoted their investment strategies to the US, where they want to esta
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25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
