What do the refining, chemicals, ammonia, steel, and cement industries have in common? They can all convert to green hydrogen as a feedstock or heat source, along with sectors of transportation and electric utilities. And the opportunity for green hydrogen to act as offtaker for renewables projects has never been hotter, since the Inflation Reduction Act includes a tax credit of up to $3 per kilogram. Its uses are many: For example, ammonia by itself contributes 1.8% of global CO2 emissions; making it from fossil fuels emits 2.8 tons of CO2 per ton of ammonia. Green hydrogen can cut that to virtually none, using wind and solar energy. Oil and gas, and electric utilities are also looking at how they can incorporate this still emerging form of clean energy.
