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15 Aug
16:01

IRA to cut green H2 production costs to as low as $0.73/kg in parts of US

The green hydrogen industry will receive a boost from the US’ upcoming Inflation Reduction Act (IRA) legislation, enabling production in certain parts of the country as low as $0.73/kilogram. The estimate from international law firm Shearman & Sterling reflects the potential to access a $3 tax credit or direct payment for each kilogram of low-carbon hydrogen under the proposed bill. Lawyers describe the green hydrogen effect of the legislation as &ldquo…
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