The US and its generous incentives for the hydrogen sector are luring investment
US a top priority for hydrogen sector
A fifth of North American projects have taken FID or beyond, compared with 7pc in the rest of the world
The US has taken top priority for hydrogen investments, according to speakers at the recent World Hydrogen Summit in Rotterdam. David Crane, director of the US Department of Energy’s Office of Clean Energy Demonstrations, expects the Inflation Reduction Act’s (IRA) clean hydrogen production tax credit and federal funding commitment toward 6–10 regional hydrogen hubs to spur not only production, but also demand. “There is a lot of excitement because of the IRA about hydrogen in north America, but coming from the corporate world as I do, one of the most important things we can do in the government in the US is create this air of inevitability that hydrogen is coming… Whether you are an energy
Also in this section
27 September 2023
Two governments sign joint declaration of intent to cooperate on driving growth of trade and investment in low-carbon hydrogen
26 September 2023
Gulf state plans pipeline network and other infrastructure to support development of large-scale hydrogen production
22 September 2023
Excitement over natural hydrogen is building, but its potential to contribute meaningfully to global supply is unclear
22 September 2023
Imbalances between supply and demand ambitions risk derailing production growth, IEA warns
