Outlook 2025: US hydrogen’s next inflection point
With a new president and new Congress imminent, attention must turn to the next stage of hydrogen development
After the passage of the Infrastructure Investment and Jobs Act of 2021 and the Inflation Reduction Act of 2022 by the 117th Congress, the US rapidly advanced the development of its domestic clean hydrogen industry and is aiming to become a global leader for this emerging sector. However, progress in putting steel in the ground has slowed. The supportive programmes and incentives within the laws—the Regional Clean Hydrogen Hub Program (H2Hub) and the Credit for Production of Clean Hydrogen (45V) being the cornerstones—were meant to provide much-needed certainty for project developers and investors to spur the scale-up of the nascent industry. Despite support from the Biden administration and
Also in this section
20 January 2025
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential