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US green hydrogen costs to reach sub-zero under IRA; longer-term price impacts remain uncertain

October 1, 2022 Comments Off

With the basket of new tax credits for hydrogen and renewables within the US Inflation Reduction Act, analysts are projecting that subsidies could reduce the cost of green hydrogen to under $0/kg by 2030, which would rapidly accelerate the adoption of green hydrogen in the steel, transportation and power generation industries. But how green hydrogen costs will behave after the…