US federal agencies must act quickly to help the hydrogen industry flourish and line up major customers—or risk losing investment and missing the moment, industry leaders said during a summit in Washington Monday.

Much-anticipated selections under the Energy Department’s $8 billion regional hydrogen hub program and clarity from the Treasury Department on a new 45V production tax credit are both crucial to directing investment, attendees of the Hydrogen Americas 2023 Summit and Exhibition said. More than 4,000 people are participating in the two-day event, which is hosted by the Energy Department and the Sustainable Energy Council.

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