To promote the growth of the hydrogen industry, many policymakers are introducing tax credit incentives. Notably, the Inflation Reduction Act implemented in the US, where tax credits have been designed to boost the emerging hydrogen market. As a new technology, hydrogen production faces unique challenges. As a new technology, the cost of producing clean hydrogen varies, with green being more expensive than blue, and blue more expensive than grey, but there’s no single market price yet. To encourage investments in hydrogen production, several key elements must be addressed: transportation, storage, and market demand. This is where tax credits and financial […]
