In what many hoped to be a year of action for hydrogen in the US, industry players remain anxiously awaiting the final rules that will define their developments and operations for at least the next decade.
Criteria for what constitutes clean hydrogen in relation to the up to $3/kg 45V tax credits baked into the Inflation Reduction Act (IRA) remain undecided – more than two years after the Act was passed into law.
Previously 45V had been the biggest topic of debate. Now, that has shifted, it seems. Now, industry is calling for a decision, regardless of whether they supported those proposed by the Treasury in December 2023.
It’s been no secret that critics say the three pillars of additionality, temporal correlation and geographic correlation will make it harder and more expensive to produce green hydrogen – somewhat absorbing the up to $3/kg tax credit.
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