The Rise of Hydrogen Hubs in North America

Cyann Fielding asks the experts at EY about the emergence of North American hydrogen hubs following the Inflation Reduction Act and governmental funding   The United States is paving its way towards the energy transition. Propelled by the Inflation Reduction Act (IRA) and the Department of Energy’s (DoE) robust financial commitment to advancing the energy transition, the nation is poised to take a prominent role in shaping a greener future. The shift in thinking extends across traditional energy giants, power utilities, and emerging players, all eyeing the potential of hydrogen as a game-changer. Until about 14 months ago, hydrogen projects in the US were somewhat scarce and lacked scalability. However, the introduction of the IRA, the investment climate for hydrogen projects has become markedly more enticing. Hydrogen, a key technology in the global energy landscape, is now firmly on the American agenda. This new-found capital has established a flurry of hydrogen- related projects and initiatives over the past year.   What a Hydrogen Hub looks like in North America A hydrogen hub is a geographic clustering of hydrogen producers, transporters, and consumers that...