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Thyssenkrupp Halts Green Hydrogen Projects

[ August 15, 2025   //   Gary Burrows ]

Thyssenkrupp Nucera said its U.S. projects unit is abandoning those projected seen as no longer feasible due to tax and spending changes initiated by U.S. President Donald Trump. Global demand for green hydrogen had stalled amid concern among clean-tech players over what Trump’s policies would mean for the industry.

But Thyssenkrupp Nucera CEO Werner Ponikwar said the company had more clarity around the financial viability of U.S. projects after the Trump’s ‘Big Beautiful Bill’ eliminated some tax credits for low-carbon energy sources, Reuters reported Aug. 13.

“We have sorted out all projects that have less chance of being realized due to the new framework conditions in the U.S.,” Ponikwar said in a call with journalists when the company reported its results.

Trump’s sweeping spend-and-tax legislation has made it harder to develop green tech projects in the U.S. by effectively phasing out renewable energy tax credits after 2026 if projects have not started construction.

Ponikwar said that with projects still expected to receive funding if they start construction work before a revised end of 2027 deadline, Thyssenkrupp Nucera will be able to advance state-side projects, especially those in advanced stages, Reuters reported.

“We are convinced that the hydrogen electrolysis market continues to offer enormous potential,” Ponikwar said, while adding that the company needs to be more patient than initially hoped. If U.S. projects do not come to fruition, Thyssenkrupp Nucera will utilize its U.S. resources “for other purposes,” he said.

Tags: green hydrogen, Thyssenkrupp Nucera