“Infrastructure is where the heavy lift is,” said [State Senator Josh] Newman. “Sufficient infrastructure creates a self-sustaining market,” he said. “It’s a chicken and egg thing. Government needs to help advance the platform. We need to allocate funding for the buildout.”
The IRA also includes other incentives to support the scale-up of hydrogen, including: Extension of the Section 48 Investment Tax Credit for fuel cells and adding hydrogen storage to the credit. Reinstatement of the Alternative Fuel Refueling Property Credit for ten years and raising the cap for hydrogen fueling stations to $100,000. Creation of a new Clean Vehicle Credit that…
The Myth Recent reports have suggested that large-scale production of hydrogen could do more harm than good in the effort to reduce global warming. The Reality The climate benefit from a well-regulated clean hydrogen economy outweighs the impact of any emissions that hydrogen would add to our energy system, especially if we prioritize hydrogen produced from renewables-powered electricity.
"We see that hydrogen fuel cell technology is particularly relevant for larger SUVs," Nota said. "We do believe in the importance of various technologies -- battery electric vehicles, also hydrogen and efficient combustion engines -- because we don't want to put all our investment in one area," he said.