Analysts have become bullish on hydrogen after President Donald Trump’s One Big Beautiful Bill (OBBB) passed. The recent legislation provides for extended tax cuts and lays the groundwork for the long-term prospects of clean energy projects. Plug Power (PLUG), as a primary player in the hydrogen fuel cell business, stands to benefit significantly from this legislation.
The OBBB Act provides a 30% credit on all fuel cell purchases, while also eliminating some requirements, which broadens credit access. The act also extends the hydrogen production tax credit.
