Second quarter sees drop in US clean energy investment amid legal and funding chaos.
US clean energy companies are facing mounting uncertainty as Congress weighs deep cuts to green energy tax credits. Projects like HIF Global’s proposed $7bn e-methanol facility in Texas are now in limbo, with developers warning that the loss of hydrogen subsidies could stall investment decisions.
The plant would convert green hydrogen and captured carbon into low-emission fuel for global aviation and shipping, but without support, firms may shift focus to other markets.
The Biden-era Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) had sparked billions in green investment, especially in Republican-led states.
However, the Trump administration’s rollback efforts and proposed budget cuts could sharply reduce or terminate credits for clean electricity, electric vehicles,…
