Environment & Energy

The article mentions...

"“The higher costs for producing green hydrogen without any subsidies or incentives means it will continue to be challenging to decarbonize hard-to-abate sectors, such as chemicals and oil refining, with hydrogen produced via electrolysis powered by renewables,” said BNEF analyst Payal Kaur."

...and also states...

" In the US, billions of dollars of projects have been stalled waiting for President Joe Biden’s administration to issue final rules for a tax credit meant to spur production."

However, those final rules have been finalized and publicly announced, and the major subsidies and incentives for the production of Green Hydrogen are now available.

https://www.bakerbotts.com/Thought-Leadership/Publications/2024/December/Final-Regulations-Issued-Regarding-Section-48-Investment-Tax-Credit

Edit to add:

There is also this new development in U.S. support for the Hydrogen industry start up...

https://www.energy.gov/eere/fuelcells/articles/us-department-energy-unveils-updated-hydrogen-program-plan