Thyssenkrupp Nucera CEO: most U.S. projects not tied to IRA support

thyssenkrupp nucera AG & Co KgaA

18/12/2023 10:13

DORTMUND, Dec 18 (Reuters) - Thyssenkrupp Nucera
 NCH2.DE  CEO Werner Ponikwar on Monday alleviated fears over
the future of its hydrogen U.S. business, saying most of the
projects it was pursuing there were not dependent on legislation
around the Inflation Reduction Act (IRA).
    The IRA has been a catalyst for the sector, which still
depends on subsidies, but Ponikwar said Nucera's projects were
rather tied to the "ecosystem" of its partnerships with
customers, rather than IRA support.

 (Reporting by Christoph Steitz
Editing by Miranda Murray)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))