GenH2 CEO: Inflation Reduction Act needs to go further

Despite widespread hydrogen industry support for the climate and tax package detailed in the landmark US Inflation Reduction, Cody Bateman, founder and CEO of GenH2, has made a call for further support.

Under the Act, qualified clean hydrogen producers could be set to receive a tax credit for up to $3 per kg of hydrogen, as well as offering up to $7,500 for new hydrogen fuel cell vehicles, and up to $4,500 for used vehicles.

Although expressing excitement at the prospect of the Act, which has now passed through the US Senate with a margin of 50 to 51, Bateman believes smaller, pure play companies could miss out.

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