US hydrogen industry may ultimately benefit from Trump

Sector awaits clarity on tax credits and loan programmes amid mixed signals from the Trump presidency

The US hydrogen sector is hoping the new Trump administration could still be a boon to the industry despite potential threats to tax credit and loan programmes. The sector receives support from the government through two main channels—45V tax credits for hydrogen production under the Inflation Reduction Act, and up to $7b of Department of Energy (DOE) loans for the development of hydrogen hubs. Trump was critical of both the Inflation Reduction Act and DOE loan programmes on the campaign trail and paused disbursement of funds via both channels in an executive order on 20 January. But there are still a number of potential outcomes for both programmes, with some still favourable to the hydroge