Fuel Cell Trucks and Green Hydrogen Network Expansion Strategy
Hydrogen
Prices
($/kg)
Inflation Reduction Act Implications
Target market for Green Hydrogen Sales
$9.00
$8.00
$7.00
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
Forklift
Trucks
Cars
Back-up Power
Source: Bernstein Research
Green Hydrogen Price with PTC (Orange Line) vs. cost of alternative in each market
plug
Marine
Aviation
Utility Power
Target market for Electrolyzer Solutions Sales
Ammonia
Methanol
MTO
Steel (DRI)
Heating
$3/kg PTC makes Green Hydrogen
competitive in all hydrogen applications
and processes immediately
All new plants before 2032 will receive
10 years of PTC. 5 years direct pay,
then 5 years tax credit
Improves original GH plant paybacks
by ~4-5 years
Lowers the total cost of ownership for
hydrogen fuel cell productions,
accelerating adaption
Makes the United States the lowest cost
producer of Green Hydrogen in the
world
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