Inflation Reduction Act’s Provisions for Clean Hydrogen a Failure

We have U.S. Senator Joe Manchin (lib Dem from WV) to thank for passing the so-called Inflation Reduction Act (IRA) one year ago (see Tragedy: Joe Manchin Caves & Agrees to Big Green Build Back Better). The IRA is a huge pork barrel of government spending on so-called green energy schemes. (The IRA also targets fossil fuels by implementing a methane tax.) The IRA authorized a tax credit for hydrogen producers, hoping to spur this country's new "clean" hydrogen industry. But of the 115 hydrogen projects announced since Joe Biden seized power, only 11 projects have found financial backers. In other words, the IRA tax credit for hydrogen is a failure, and the hydrogen industry is saying so openly and loudly.

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