By committing to clean energy, the IRA promises to accelerate decarbonisation of the US economy and create ‘high-quality’ jobs.
Welcomed by the clean energy industry, the Act is seen as a tool that can help advance development of nascent clean energy technologies.
Calling it a ‘watershed’ piece of legislation, Kareem Afzal, CEO, PDC Machines, said, “This bill address two points of anxiety for Americans at once: the creation of high-quality jobs and the orle of climate change in their daily lives.”
“We can supercharge economic growth with jobs in the hydrogen sector while decarbonising the US economy, which the IPCC reports needs to be at Net Zero by 2050 to avoid the worst scenario.”
Regarded as one of the fastest growing technological sectors in green energy, hydrogen and hydrogen storage is set to benefit from a 10-year tax credit, which also revises the clean vehicle credit to include hydrogen fuel-cell vehicles and expands the clean energy station tax credit.
Having overseen development of a range of hydrogen-related technologies, Afzal added, “PDC Machines intends to be the tip of the spear in hydrogen with our industry-leading technologies and world-class workforce.”