Published: August 17th, 2023,
Last updated: August 17th, 2023
According to a media report, European hydrogen companies have found it increasingly difficult to attract private capital since the US IRA came into effect. In the first quarter of 2022, green and low-carbon hydrogen projects in the EU still attracted venture capital of €343 million, almost three times as much as in the US, the Financial Times reported yesterday. Since then, however, investment in the US has overtaken that in Europe, totaling €1.2 billion higher, calculations by the US think tank Cleantech Group show.