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Electric Hydrogen CEO Raffi Garabedian

Watt It Takes

CHAPTER

Is the IRA Too Good to Be True?

The inflation reduction act was signed into law this past August. It includes a 10 year production tax credit for clean hydrogen production facilities. The incentives begin at 60 cents a kilogram for hydrogen produced in a way that captures more than half of SMR or steam methane reforming process carbon emissions with workforce development and wage requirements met. In the short term, it is stimulating a lot of demand for our product.

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