The hydrogen economy has been turbocharged by federal government tax credits and hydrogen hubs funding through the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.
To capitalize on the opportunity and accelerate an economy of scale, the roadmap is clear:
- Unlock $8bn of federal government capital and develop regulatory support.
- Unleash the power of commercially viable demand areas and secure long-lasting offtake agreements.
- Scale up technologies to fast-track low-carbon hydrogen production.
- Develop resilient infrastructure to solve the storage and transportation challenge.
Only by uniting every major developer, investor, contractor, supplier, manufacturer, and policy maker, can we demonstrate hydrogen’s commercial viability and achieve 1$/kg production by the end of the decade.
Seize the moment to decarbonize America’s energy and hard-to-abate sectors at Reuters Events Hydrogen North America 2023, the hub for hydrogen’s scale-up.