“There is uncertainty in the hydrogen space, but we’re seeing continued optimism since hydrogen is ultimately supported by oil and gas,” said Hayes, co-chair of Foley’s Hydrogen Practice. “So as an asset class, hydrogen still makes sense under a Trump administration.”
He added that tax incentives for hydrogen development established under the Biden administration should carry over into the next one given the benefits hydrogen brings to the oil and gas industries, ultimately benefitting the states where those businesses are most active. Additionally, increasing hydrogen production should also boost supply and cut costs for alternative fuel applications.
Hayes’ commentary also appeared in a second pv magazine article on clean hydrogen.
