Hydrogen Hype Meets Reality as Industry Confronts Policy Gaps

Some hydrogen projects are pulling back amid uncertainty that there will be enough policy and demand support as a debate rages over how to quantify the fuel’s climate bona fides, industry leaders said during a conference in Washington Tuesday.

“What’s frustrating is the pace of change and the pace of transition,” said Rushabh Shah, an executive in BP’s gas and low-carbon energy business.

On policy matters such as the 45V production tax credit for hydrogen, “it’s taking time to collaborate and build consensus,” Shah said. “I think it’s really important we have all the voices in the room—at the same ...