US clients not 'very concerned' about proposed hydrogen rules, says Thyssenkrupp Nucera

thyssenkrupp nucera AG & Co KgaA

13/02/2024 07:31

FRANKFURT, Feb 13 (Reuters) - Germany's Thyssenkrupp
Nucera  NCH2.DE  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.

 (Reporting by Christoph Steitz; editing by Bartosz Dabrowski)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))