Despite widespread hydrogen industry support for the climate and tax package detailed in the landmark US Inflation Reduction, Cody Bateman, founder and CEO of GenH2, has made a call for further support.
Under the Act, qualified clean hydrogen producers could be set to receive a tax credit for up to $3 per kg of hydrogen, as well as offering up to $7,500 for new hydrogen fuel cell vehicles, and up to $4,500 for used vehicles.
Although expressing excitement at the prospect of the Act, which has now passed through the US Senate with a margin of 50 to 51, Bateman believes smaller, pure play companies could miss out.
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