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Hydrogen energy in Russia to gain tax incentives

Following the cabinet meeting, Alexander Novak requested drafting proposals on further improvement of roadmaps on development of hydrogen energy

MOSCOW, March 18. /TASS/. Russia’s government is currently developing policies on encouraging sectors of hydrogen energy and energy storage system, according to a statement by the government following the cabinet meeting headed by Deputy Prime Minister Alexander Novak.

"It was noted that domestic electrolizer is being actively created, the work is underway on strengthening the sector’s workforce capacity and adjusting legislation, including the creation of tax incentives for investors in the Russian hydrogen energy and energy storage systems," the statement reads.

Following the meeting, Novak requested drafting proposals on further improvement of roadmaps on development of hydrogen energy and energy storage systems.

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Alexander Novak

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