FILE PHOTO: Air Liquide opens its North Las Vegas Hydrogen Production facility (Reuters) -Industrial gases firm Air Liquide pledged on Thursday to take advantage of an historic opportunity to invest in clean energy, helped by the U.S. Inflation Reduction Act (IRA), as it beat 2022 earnings estimates and forecast more growth this year. U.S. President Joe Biden signed the $430 billion IRA last August, promising huge incentives for companies to invest in the shift away from fossil fuels. "We have never had historically such an opportunity of investment," Air Liquide Chief Executive Francois Jackow said in a press call, adding that in recent months the investment dynamic had become stronger in the United States than in Europe. Air Liquide is one of the largest hydrogen producers in the world, and last year made almost 4 billion euros ($4.3 billion) of investment decisions, a company record. The firm, which in 2022 launched its ADVANCE plan to invest 16 billion euros by 2025, said its 12-month investment opportunities totalled 3.3 billion euros, with more than 40% linked to the energy transition. Air Liquide reported recurring operating income of 4.86 billion euros for 2022, up 16.9% year-on-year, above the 4.79 billion average […]
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