Germany’s Thyssenkrupp Nucera on Tuesday said strict rules for hydrogen projects in the United States proposed last month would have an impact on the cost of projects, still saying its customers weren’t overly worried.
“We don’t see that our clients and potential clients, are very concerned about those developments. We believe … most of them can live very well with that. And we’re also seeing now that projects are progressing in their development,” CEO Werner Ponikwar told analysts after presenting first-quarter results.
He said Thyssenkrupp Nucera was confident to present contract wins in the U.S. in the next months.
The U.S. Treasury Department last month fleshed out rules for hydrogen projects, asking hydrogen producers to prove they have used clean electricity built within three years that a hydrogen plant went into service in order to get federal credits.
Critics have said the strict rules risked slowing down the build-out of a hydrogen economy.