Nel ASA: Biden spending plans set to put USA in lead for clean hydrogen
The Inflation Reduction Act will provide tax credits of up to $3 per kg of clean hydrogen “This is a fantastic development – and one that completely transforms the outlook for green hydrogen in the USA. Only two weeks ago, Biden’s bill looked dead. Now it’s alive and kicking, we can say that the USA is going to be one of the cheapest places in the world to produce clean hydrogen,” says Håkon Volldal, CEO of Nel. The much-anticipated passing of the bill through the House of Representatives follows significant progress in the North American market for Nel, with the company’s biggest