Foley & Lardner LLP partner Kyle Hayes weighed in on the future of the U.S. hydrogen industry in the Reuters article, “US hydrogen strategy uncertain under Trump.”
With provisions of the Inflation Reduction Act (IRA), which in part directs funding to boost low-emission energy technologies like hydrogen, potentially in the crosshairs of the new administration, Hayes described the wider benefits of hydrogen development.
“I don’t know that, on the menu of things that Trump is talking about rolling back as part of the IRA, hydrogen is particularly high on that list, because it stands to benefit a lot of red states in light of certain hydrogen hubs and the concentration of projects,” explained Hayes, who is co-chair of Foley’s Hydrogen Practice.
“So much hydrogen production is focused on the Gulf Coast,” Hayes continued, “and hydrogen as a product is something that can truly scale as another business line for oil and gas majors, for which hydrogen production is right in their wheelhouse.”
