US and Canada's Hydrogen Plans: A Vision for a Sustainable Future
Key Ideas
- The US DOE's National Clean Hydrogen Strategy plans to develop a national green hydrogen ecosystem with $9.5b allocated for this purpose.
- The Inflation Reduction Act provides further incentives and policies to boost domestic hydrogen production, including tax credits for producers.
- The US aims to produce 10mt/yr of clean hydrogen by 2030, 20mt/yr by 2040, and up to 50mt/yr by 2050, as part of its ambitious hydrogen roadmap.
In mid-2023, the US Department of Energy (DOE) unveiled the US National Clean Hydrogen Strategy and Roadmap, building on the Bipartisan Infrastructure Law's provisions. With over $60 billion allocated to the US DOE, including $9.5 billion specifically for developing a national green hydrogen ecosystem, the US is set to make significant strides in hydrogen production. Subsequently, the Inflation Reduction Act (IRA) passed by Congress further supports domestic hydrogen initiatives by introducing new tax credits for hydrogen producers. The US hydrogen roadmap outlines ambitious targets of producing 10mt/yr of clean hydrogen by 2030, 20mt/yr by 2040, and scaling up to 50mt/yr by 2050. These efforts signal a strong commitment towards sustainable energy practices and reducing carbon emissions in the long run.