Hydrogen Stocks Crash as Hype Faces Reality Check

The low-carbon hydrogen hype has begun to fade in recent months as companies and investors realize that their ambitions face the reality of costly projects amid regulatory stumbling blocks and uncertain future demand. The momentum behind green hydrogen from two years ago, generated by the U.S. Inflation Reduction Act (IRA), has slowed amid still high costs and macroeconomic headwinds. In addition, regulatory uncertainty and a lack of committed demand are undermining the 2030 production goals for low-carbon hydrogen, both in the United States and…