Biden Has ‘Almost Guaranteed’ Hydrogen’s Future, Macquarie Says
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Green hydrogen’s future as a major energy source has been boosted by US President Joe Biden’s Inflation Reduction Act, which will push investment into the nascent carbon-free fuel, according to Macquarie Group Ltd.
The law, which provides producers with tax credits of as much as $3 a kilogram, “almost guarantees that hydrogen will be an important energy vector going forward,” Kate Vidgen, head of industrial transition and clean fuels at Macquarie’s Green Investment Group, said in an interview on Bloomberg TV.