The New York Times: “After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies”
RFF Fellow Aaron Bergman is quoted in this piece about the recently finalized 45V hydrogen tax credits.
Even with hefty subsidies to produce hydrogen, it’s not clear that enough buyers will emerge. Around the world, hydrogen companies have canceled several major projects over the last few years because of lack of demand. Steel makers and electric utilities that might have interest in the fuel often balk at the costly equipment required to use it.
“These new rules will probably help, even if they don’t go as far as many in industry wanted,” said Aaron Bergman, a fellow at Resources for the Future, a nonpartisan Washington research organization. “But there’s still the challenge of finding the people to consume the hydrogen you produce.”
