Plug Power claims investment tax credits for US green hydrogen storage facilities, despite Trump-related uncertainties

Electrolyser maker has ‘boosted its liquidity by approximately $30m’ by transferring credits to a third-party investor, as allowed by Inflation Reduction Act

Plug Power's 40MW liquid green hydrogen plant in Woodbine, Georgia. The US company is claiming investment tax credits on the liquefaction and storage equipment at this facility.
Plug Power's 40MW liquid green hydrogen plant in Woodbine, Georgia. The US company is claiming investment tax credits on the liquefaction and storage equipment at this facility.Photo: Plug Power
Published 27 January 2025, 13:25Updated 27 January 2025, 14:47
H2 storageLiquid hydrogenGreen H2SubsidiesPlug Power