A strong signal and plenty of incentive to invest in eFuels: that’s what Biden’s recently signed billion-dollar climate change and welfare package called the Inflation Reduction Act, or IRA, offers.
This is intended to successfully “transform” American society for the future and ensure sustainable progress and prosperity.
This is intended to successfully “transform” American society for the future and ensure sustainable progress and prosperity.
It includes a $370 billion investment to promote climate technologies. And more importantly, tax credits of up to $3 per kg of hydrogen are possible if the carbon footprint is below 0.45 kg of CO2 per kg of hydrogen – for ten years! “These tax incentives will likely make the U.S. one of the cheapest regions in the world to produce clean hydrogen,” says the World Economic Forum. In addition, our member, Siemens Energy, claims that the IRA “will help alleviate supply chain challenges currently impacting the manufacturing sector, create good paying jobs, and incentivize investment in clean energy technologies!”
Source #eFuelAlliance:
