ANALYSIS | Why the US climate bill may be the single most important moment in the history of green hydrogen

The passing of the Inflation Reduction Act (IRA) by the US Senate on Sunday may prove to be the single most important event in the history of green hydrogen to date — and a turning point for the nascent industry beyond American borders.

Not only will the act’s generous tax credits of up to $3/kg (see panel below) make the renewable H₂ produced in the US the cheapest form of hydrogen in the world — but it will also light a fire under the…