European electrolyser manufacturers in US gold rush

Hydrogenpro and Nel have announced major investments into US manufacturing capacity, although Europe offers firm orders and revamped support

European electrolyser manufacturers have announced major investments in US manufacturing capacity amid a surge in demand following the passing of the Inflation Reduction Act (IRA). But proposed EU support measures and firm orders within the bloc mean Europe remains a major electrolyser demand centre. The IRA, which was signed into law in August last year, has been described by many in the industry as a “gamechanger” as it offers hydrogen production tax credits of up to $3/kg, potentially positioning the US as one of the lowest-cost production locations in the world. Norwegian alkaline electrolyser manufacturer Hydrogenpro will invest $30–50mn into building a 500MW factory in Texas, bolsterin