Some three-quarters of clean hydrogen proposals are unlikely to meet new tax credit qualification standards (must be under construction by the end of 2027) after Congress shaved five years off the Biden-era window. (NYT)
The biggest casualties are “green” hydrogen projects, which need massive amounts of renewable power that’s getting harder and pricier to build.
Gas-based hydrogen with carbon capture has a longer runway and abundant feedstock, but the market’s still thin—fewer than 15% of US low-emission hydrogen projects since 2015 have reached final investment.