Topsoe ‘slows’ $400m US project amid market uncertainty

Danish electrolyser manufacturer decelerates pre-FID work on planned Virginia plant despite renewed clarity over 45V tax credit

Danish electrolyser and emission reduction technology manufacturer Topsoe has decelerated a project to invest more than $400m in a US production base, despite renewed clarity over US green hydrogen policy, a spokesperson told Hydrogen Economist. Topsoe said last year that it had bought a plot of land in Virginia for the development of a solid oxide electrolyser cells production base in Virginia, and had started design and engineering work on the project. However, it does not see strong enough demand for its electrolysers as the scale-up of green hydrogen production in the US has faltered because of uncertainty over the 45V production tax credit. “The prolonged delay and lack of clarity aroun