Could companies building things like industrial-scale batteries soon head across the Atlantic?
Although the UK has a more developed renewable energy system than the US, the act is designed to incentivise companies to produce green products - be they solar panels, batteries or hydrogen plants - on American soil.Many companies, Johnson Matthey included, have begun to shift investment across to the US.
However, while many countries, including the US, struggle to compete with China in battery production, the race to dominate hydrogen remains far more open. However, it has already pivoted some of its investment into the US, recently announcing a long-term partnership deal with American hydrogen firm Plug Power.
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