Friday, February 28, 2025

Washington bets on green hydrogen and companies line up to cash in

While senators battled over the climate, tax and spending bill, there was surprising agreement that hydrogen, Plug Power’s business, needed a big dose of support. “My biggest concern that I have right now is that we have not invested the money that we needed to invest in hydrogen,” West Virginia Sen. Joe Manchin said at a hearing in July when he was blocking the overall package.
Mr. Marsh takes some credit. He shuttled back and forth to Washington, made a trip to West Virginia and agreed to build plants in New York at the urging of Sen. Chuck Schumer. All appeared for naught when Mr. Manchin rejected plan after plan. When the two senators surprised Washington with a deal, Mr. Marsh got what he asked for. “It’s been a pretty harrowing ride,” he said. At Plug Power’s first…

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