Cheap, Clean Power Boosts the Green Hydrogen Industry in Texas

Despite federal policy uncertainty stunting growth prospects, US clean hydrogen industry leaders at the BloombergNEF summit see one bright spot: Texas.

President Donald Trump’s tariffs are impacting the industry as are the murky fate of federal tax credits and the $7 billion hydrogen hub program. Those incentives are seen as critical to green hydrogen producers.

Unsubsidized, the average cost to produce the gas using renewable electricity and water is about $8 to $9 per kilogram, according to BloombergNEF. That’s about four times higher than using fossil fuels. BNEF hydrogen analyst Payal Kaur said more federal funding is needed to make clean hydrogen cost ...