Alerts7.18.23
Will the U.S.’ Big Bet on Hydrogen Pay Off?
• In the past two years, the U.S. has gone all in on developing clean hydrogen production capacity and utilization to decarbonize the economy by reducing greenhouse gas emissions
The U.S.’ ambitious hydrogen strategy is trying to boldly go where no country has gone before, and it is fraught with economic risk. The administration’s recent course correction – adding $1 billion in demand pull initiatives to the supply-side $7 billion in subsidies for the Regional Clean Hydrogen Hub (H2Hub) program and substantial tax credits – is a timely move that should improve the prospects for the hydrogen strategy to succeed.
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