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

Also in this section
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
6 February 2025
US green hydrogen producer Plug Power says its new spot price programme allows buyers to purchase on-demand and without the limitations of long-term agreements
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
5 February 2025
Technology, policy and infrastructure challenges must all be addressed collaboratively to make seaborne transportation of hydrogen a reality