In this article published in Canary Media, CRA Energy consultant Drake Hernandez is quoted discussing the demand for clean hydrogen in the US market following the Inflation Reduction Act’s 45V production tax credits and how it impacts the global energy market.
Under current EU mandates, 42% of hydrogen used in industry must be renewable by 2030, said Drake Hernandez, associate principal in energy at Charles River Associates. In the US, by contrast, “there’s still nothing by the way of a top-down push to say, ‘You have to start consuming clean hydrogen.’”