Friday, January 10, 2025

US Bill Could Help ‘Green’ Hydrogen Compete Immediately

Incentives for “green” hydrogen production proposed in the US’ Inflation Reduction Act (IRA) would make the zero-emissions fuel immediately cost-competitive with other methods of producing what is a key ingredient in high-emitting industrial sectors, according to industry players.The IRA, if signed into law, would provide a $3 per kilogram “production tax credit” for hydrogen produced with an electrolyzer powered by clean energy, essentially eliminating the cost delta with so-called “gray” hydrogen produced through conventional steam methane reforming (SMR), said Plug Power CEO Andrew Marsh.“All applications that use gray hydrogen today, such as fertilizers and manufacturing, will now be able to buy green hydrogen at a competitive price with gray,” Marsh told analysts on a quarterly conference call this week. “Applications that are…

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