Within hours of taking office, President Donald Trump signed an executive order to suspend further funding from the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA).
Both acts, which created huge subsidies for the clean hydrogen sector, will have their “processes, policies and programmes for issuing grants, loans, contracts or any other financial disbursements” reviewed.
The suspension holds further funding for the seven regional clean hydrogen hubs, which are eligible for a combined $7bn of funding from the IIJA and prospective hydrogen production tax credits of up to $3/kg from the IRA.
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