IRA uncertainty chilling hydrogen investment – Plug

Greater clarity on rules governing 45V tax credit needed to unlock investment in the US low-carbon hydrogen sector, Plug Power CEO Andy Marsh tells Hydrogen Economist

Uncertainty over the implementation of the Inflation Reduction Act (IRA) is holding back investment in the US hydrogen sector, and the equivalent regulation in Europe is better understood by the industry, according to Andy Marsh, CEO of electrolyser manufacturer and green hydrogen supplier Plug Power. Greater clarity is needed specifically around the 45V tax credit for low-carbon hydrogen production in the US, Marsh told Hydrogen Economist in an interview. “There is no clarity at the moment, and that is the challenge. Without that clarity, it makes it challenging for people to invest in long-term projects,” he said. “That is really one of the key items for accelerating more rapidly.” “