Biden administration: $8 billion for Hydrogen Infrastructures in the USA as part of the $369 billion Inflation Reduction Act.

While German policymakers are struggling to create truly efficient, practical incentives for an energy transition in the traffic and transportation sector, the USA has taken a much bigger and pragmatic approach with the Inflation Reduction Act (IRA) which will result in the investment of $369 billion in energy and climate change programs including of $8 billion for hydrogen infrastructure. Among other things, this will lead to the U.S. becoming one of the most competitive countries in the world in developing green hydrogen programs. This will inevitably put pressure on other countries to develop a domestic hydrogen economy. Fiscal incentives will affect investment in infrastructure as well as vehicles.

We at QUANTRON , as a frontrunner in hydrogen technology, together with our American partner, will take advantage of the IRA and invest in both infrastructure and vehicles. We therefore feel confirmed in our recent decision to enter the US market with two subsidiaries. Quantron USA Inc. will focus on sales of zeroemission commercial vehicles while Quantron-as-a-Service USA Inc, aims to establish our 360-degree ecosystem. In this eco-system, the Role Model of zero-emission mobility, Quantron combines green hydrogen generation, infrastructure, promotion, and financing, as well as service and secondary utilization.

Press statements about the Biden Administration Inflation Reduction Act and Clean Hydrogen Initiatives in the USA:

BloombergNEF - Hydrogen Economy Outlook: https://energycentral.com/system/files/ece/nodes/414616/bnef-hydrogen-economy-outlook-2020.pdf

纽约时报 on Clean Energy: https://www.nytimes.com/2022/10/05/opinion/environment/clean-energy-constructionpermitting.html?searchResultPosition=10

CNBC on Clean Hydrogen’s boost from the IRA: https://www.cnbc.com/2022/09/08/clean-hydrogen-industry-got-huge-boost-from-inflation-reduction-act.html

Financial Times on the IRA and green energy: https://www.ft.com/content/db7b1dc9-942d-4ec1-96ed-dc46cec74df0