The US is not the most attractive location for making green hydrogen right now, despite the production incentives built into 2022’s Inflation Reduction Act (IRA).
That’s the eye-catching assessment of Raffi Garabedian, CEO of California and Massachusetts electrolyser firm Electric Hydrogen (EH2), which launched in 2021 with big plans from early on to deploy its 100MW modularised and standardised PEM electrolyser plants.
“When the IRA came out, we completely turned our attention to the US,” said Garabedian. “We thought the US was a big market – and that was a big mistake.”
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