The U.S. Senate advanced President Donald Trump's sweeping tax-and-spending bill, with the final version preserving tax credits for solar leasing. Crucially for Plug Power, the bill extends hydrogen tax credits to January 1, 2028.
This extension provides hydrogen producers with a two-year longer runway to scale operations and make green hydrogen more cost-competitive against fossil fuels. This legislative development offers a significant boost to the hydrogen industry.
The preservation and extension of these tax credits are expected to provide strong tailwinds for additional market growth in the near and mid-term, supporting the development of a domestic hydrogen economy and Plug's ongoing expansion.
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