Sylvia Jablonski, CEO and chief investment officer of Defiance ETFs, said that the passage of U.S. President Joe Biden’s Inflation Reduction Act, among other things, has sparked a big interest in shares of companies that focus on hydrogen-powered technologies.
Biden’s Inflation Reduction Act, signed into law in August, offers large incentives for U.S. companies producing clean energy like hydrogen.
Just this week, BP chief executive Bernard Looney said he is betting on hydrogen to power future low-carbon businesses.
Hydrogen is forecast to play a major role in reducing greenhouse gas emissions from heavy industries and some forms of transport.
Source: Reuters