As the US navigates the recently released final guidance for Section 45V of the Inflation Reduction Act (IRA), developers and producers nationwide are voicing diverse perspectives on how the ruling could influence the future of the hydrogen industry.
Friday’s (January 3) announcement by the US Treasury saw significant relaxations to the rules on tax credits for hydrogen producers. Up to $3/kg will be provided for clean hydrogen producers, with the expected hourly renewable energy matching requirement delayed from 2028 to 2030.
Read more:US Treasury relaxes 45V hydrogen tax credit rules and opens nuclear pathway
Some industry experts have seen the new ruling as potentially stifling for early hydrogen projects, whereas others have interpreted it as a positive and flexible step towards building a robust hydrogen economy.
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