The hydrogen industry is grappling with uncertainty as it awaits finalization of the 45V hydrogen production tax credit, a key component of the Inflation Reduction Act. At the Reuters Events: Energy LIVE 2024 conference, panelists like Gonzalo Ramirez (INPEX Corporation), Ana Quelhas (EDP), Sanjay Shrestha (Plug Power), and Tomeka McLeod (bp) shared their perspectives on how regulatory clarity is essential to drive investment and ensure the economic viability of clean hydrogen projects.
They emphasized the need for stable policy frameworks, such as 45V, to strengthen investor confidence, reduce hydrogen production costs, and enable the U.S. to lead the global hydrogen economy. Strategic collaboration with the incoming administration will be critical to securing long-term growth for clean hydrogen initiatives.