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US hydrogen one year into Trump 2.0: progress, but on tighter terms

Gas
January 20, 2026

We’re now a little over 12 months into US President Donald Trump’s second term, and the impact the past year has had on the clean hydrogen sector cannot be understated.

The flagship 45V clean hydrogen production tax credit, put forward by the Biden administration, now ends five years early. Two of the seven regional hydrogen hubs, selected for a combined $8bn in funding, have had grants removed, while the remaining five await funds being released.

However, this isn’t a recap of the setbacks. For all the turmoil 2025 delivered, progress is happening – although in a distinctly American flavour.

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