Congress has passed the Inflation Reduction Act
US sets new standard for clean hydrogen support
Passing of Inflation Reduction Act confirms US as one of most competitive green hydrogen markets
The US’ newly passed Inflation Reduction Act (IRA) sets a new standard for state support for clean hydrogen and challenges other nations to ramp up their subsidies amid intensifying global competition for private capital to scale up the industry. Congress passed the act over the weekend, clearing the way for it to be signed into law by President Joe Biden. The Biden administration expects the IRA to unleash about $370bn of investment in energy and climate change schemes. For the clean hydrogen sector, the headline figure is a ten-year production tax credit (PTC) rate that starts at $0.60/kg and potentially rises to up to $3/kg subject to meeting requirements on carbon intensity, staff wage l
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
