Full Title: Inflation Reduction Act Programs Could Establish the U.S. as a Market Leader in Hydrogen
Author(s): Sean O'Brien
Publisher(s): POWER Magazine
Publication Date: August 31, 2022
Full Text: Download Resource
For the growing U.S. hydrogen industry, the Inflation Reduction Act (IRA) is transformative. Today, nearly all hydrogen is produced from fossil fuels to be used as a chemical feedstock and for refining—emitting carbon dioxide in the process. Recently, thanks to state incentive programs, federal funds, and voluntary corporate commitments, clean hydrogen has been gaining ground in the U.S. for applications such as commercial transport, backup power, forklifts, and other large emerging applications at the pilot stage. Programs defined within the IRA will create a sea change: by subsidizing each step in the hydrogen value chain, the IRA snowballs the industry’s recent momentum and unlocks a much wider array of clean energy opportunities.