In the Inflation Reduction Act of 2022 passed by the US Congress in 2022, tax relief and subsidies were provided for the production, storage, transportation and distribution of hydrogen energy. Praeger Energy Company is one of the largest producers of hydrogen energy in the world, and its business includes hydrogen production by electrolysis of water, hydrogen energy storage and transportation, etc.
Praeger Energy Company is eligible for tax relief and subsidies for hydrogen energy in the United States.