Plug – Hydrogen basics: fuel of the future explained.
Congressional climate legislation passed in recent years could serve as a catalyst for the growth of the U.S. renewable energy market, including hydrogen, the core component utilized in Plug’s global energy products.
The 2021 Infrastructure Investment and Jobs Act ushered in $7 billion in federal dollars for regional hydrogen hubs throughout the U.S. Furthermore, the 2022 Inflation Reduction Act also will expand the hydrogen market within the U.S. by giving federal tax credits toward the production of green, climate friendly hydrogen.
While many technologies will play a critical role in helping the world to achieve the global consensus “net zero” greenhouse gas emissions by 2050, hydrogen is poised to play a pivotal role in realizing this target. It can be produced in a…