thyssenkrupp nucera is reassessing its U.S. green H₂ portfolio following significant changes to tax and spending policies enacted under U.S. President Donald Trump. CEO Werner Ponikwar announced that projects deemed unfeasible under the revised framework—particularly due to the reduction of renewable energy tax credits—are being abandoned.

The new legislation phases out certain clean energy incentives after 2026 unless construction starts before a revised 2027 deadline. While overall demand for green H₂ has slowed globally due to policy uncertainty, Ponikwar expressed confidence in the long-term potential of H₂ electrolysis, noting that advanced-stage U.S. projects can still move forward. If some ventures fail to materialize, the company plans to reallocate U.S. resources to alternative uses.

For the original story, visit: https://www.reuters.com/sustainability/climate-energy/thyssenkrupp-nucera-abandons-us-green-hydrogen-projects-no-longer-deemed-2025-08-13/