Refining and ammonia sectors have high demand for hydrogen
US law makes green hydrogen competitive ‘in every sector’ – Plug Power
Tax credits for hydrogen production contained in new Inflation Reduction Act make green hydrogen cheaper than grey in all industrial applications, says Plug Power CEO
The new tax credits for hydrogen production in the US will make green hydrogen competitive with grey in every industrial sector where the fuel is used, according to Andy Marsh, CEO of Plug Power. Speaking on the firm’s second-quarter results call, Marsh said the Inflation Reduction Act, passed in the Senate this week, was a “major inflection point” for the green hydrogen industry. The bill provides a tax credit of up to $3/kg for a ten-year period to any green hydrogen generation facility that begins construction before 2033. 20,000t/d – Hydrogen consumed by refining and ammonia industries “For everyone who wants green hydrogen now there is a path that makes it competitive,” says Mar
Also in this section
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
