The US Senate on Sunday (August 7) passed the flagship economic package which enclosed hopes of boosting the nation’s hydrogen economy in the form of tax credits.
Passed with a margin of 51 to 50, the Inflation Reduction Act holds a landmark Tax and Climate Bill, offering $3 per kg in tax credits for low carbon hydrogen production, which could make the clean energy carrier cheaper than grey produced hydrogen.
Read more: Landmark US Tax and Climate Bill offers tax credits for clean hydrogen production
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