3 янв 2023 г. - (US) The Inflation Reduction Act (IRA) can potentially unlock a green H2 economy

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The U.S. Congress passed the Inflation Reduction Act (IRA) in the summer of 2022, combining a wide array of clean energy tax incentives into a single bill. Under this new law, an estimated $369 billion will be spent addressing energy security and climate change over the next 10 years. A key component of the IRA is a lucrative set of tax credits intended to accelerate the deployment of clean energy technologies such as green hydrogen. This financial support has also brought some vehicle makers off the sidelines and into the clean transportation arena, with a few even planning to scale up hydrogen vehicle manufacturing and build new infrastructure. Green hydrogen made from renewable electricity has gained widespread attention due to its potential to decarbonize transportation, including road, aviation, and shipping, as well as industry, but cost is a major barrier to its deployment. Can the IRA’s tax credits level the playing field, reducing the cost of green hydrogen enough to fuel a meaningful share of the transport sector?

The IRA expanded tax credits for renewable electricity and created new provisions for clean hydrogen. Under the law, renewable electricity and clean hydrogen plants in 2023 can receive a production tax credit of 2.6 cents per kWh and up to $3 per kg of hydrogen, respectively, for the first 10 years of operation (their lifetimes are typically up to 30 years). However, the tax cuts run only through 2032, so projects starting up in 2023 would benefit from the full 10-years’ worth of credits, while plants opening later would receive progressively less.

https://theicct.org/ira-unlock-green-hydrogen-jan23/#:~:text=On%20average%2C%20the%20IRA%20tax,until%20they%20expire%20in%202032.

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