Hydrogen tax credit fight not over yet in US, insists FCHEA chief
FCHEA boss Frank Wolak has said he remains hopeful that the US Senate will reverse course on the 45V tax credit, but warned that hydrogen still risks becoming collateral damage in the GOP’s push to dismantle the Biden-era Inflation Reduction Act (IRA).
The Fuel Cell and Hydrogen Energy Association (FCHEA) President and CEO told H2 View that the US hydrogen industry was facing a “time-based struggle” to retain its momentum and secure the long-term certainty it needs.
“The mood remains hopeful,” Wolak said, reflecting on how industry sentiment has evolved since the House of Representatives passed the bill that would see 45V ended early.
“We are far more hopeful about the willingness of senators to work together than when we saw the Senate [Finance Committee] outcome a few days ago.”
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