Treasury delay threatens U.S. hydrogen advantage as China leapfrogs ahead

November 14, 2023

The global race to produce clean-burning hydrogen fuel is on, and according to a new International Energy Agency report, China is winning. That’s a surprising development, given the hundreds of billions devoted by the Biden administration to encourage U.S. production, including $7 billion just announced by the president for regional hydrogen hubs. (…) With the right 45V guidance, U.S. hydropower plants, which current use the natural flow of moving water to generate around 40% of the country’s renewable electricity, could also use their water for large-scale clean hydrogen production.

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