Uncovering The Truth Behind the Green Hydrogen Battle And What It Means For Decarbonizing The Planet

Peter Gajdoš, a Fifth Wall partner and co-lead of the Climate Tech Investment team, shares his thoughts on what needs to happen for green hydrogen to succeed.

Some of the world’s biggest companies are fighting over how to define what types of hydrogen are actually clean because there are tax credits worth billions on the table, according to the Wall Street Journal. The Treasury Department is working on finalizing its rules and standards in the next few months. Stricter rules that only allow tax credits for truly clean, green hydrogen will ensure that the U.S. moves closer to its climate goals and the decarbonization of the real estate industry. “There’s a lot of self-serving behavior being driven by the availability of a really juicy subsidy,” Raffi Garabedian, chief executive of Electric Hydrogen, told the Wall Street Journal. Electric Hydrogen, one of Fifth Wall's portfolio companies, is focused on making cost competitive fossil-free hydrogen.

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