Dive Brief:
With industry efforts already targeting $2/kg hydrogen by 2030, the $3/kg hydrogen subsidy contained in the Inflation Reduction Act could push green hydrogen prices into negative territory in some regions — and render it nearly free in many others, Brenor Brophy, vice president of project development at Plug Power, noted during the RE+ conference last week.
Even before the Inflation Reduction Act, many companies wanted to put money into hydrogen deals in order to get ahead of the flood of interest they anticipated would come if tax credits were announced, according to Mona Dajani, global lead for the renewable energy practice at Pillsbury Law.
“The day for pilots is over. It came and went in the blink of an eye,” said Margaret Campbell, director of business development for green hydrogen at Engie North…