Thyssenkrupp Nucera, a Germany-based hydrogen industry company, plans to abandon some U.S. projects due to Trump administration actions. CEO Werner Ponikwar cited tax and spending changes affecting project viability. Despite challenges, the company remains active in the U.S. and sees potential in the hydrogen market despite policy uncertainties. Thyssenkrupp Nucera recently acquired high-pressure electrolysis technology from Green Hydrogen Systems and is focused on expanding its technology portfolio to optimize costs. The company remains a key player in the global hydrogen industry, providing technology for significant hydrogen production capacity and focusing on green hydrogen projects in Europe. CEO Ponikwar reaffirmed the company’s commitment to green hydrogen as a central element in worldwide decarbonization strategies.

Read more at Yahoo Finance: Leading Hydrogen Producer May Abandon U.S. Projects Due to Trump’s Actions