HydrogenPro puts 500MW Texas factory on hold
In China, Fuel Cells China reported that electrolyser manufacturer HydrogenPro has put its plans for a 500MW factory in Texas on hold, citing delays to green hydrogen projects due to a lack of certainty on how the clean hydrogen production tax credit will be regulated. According to the report, the Norwegian company had last year announced that it would spend $30-50 million on building a manufacturing facility in the US in order to serve the North American market, which it described as its “top priority” following the passage of the Inflation Reduction Act. This Texas facility would also be the firm’s first factory outside of Tianjin, China, where it has the capacity to produce 300MW of high-pressure alkaline electrolysers a year, according to the report. “Long-term projections for North America continue to show high expectations for both the production and demand of low-carbon hydrogen,” HydrogenPro said in its results for the final quarter of 2023. “However, uncertainty in the final rules for incentive programs has delayed project decisions and development of the market,” the firm added.
