US Hydrogen Guidance Makes Big Difference for Some Projects
The US Treasury Department has finalized long-awaited guidance that maintains tight guardrails for accessing lucrative clean hydrogen production tax credits, with some new flexibilities that lower the bar just enough to possibly secure and strengthen the commercial viability of certain projects.
Finalized guidance released last week for the "45V" tax credits of up to $3 per kilogram sets out eligibility and verification requirements requiring projects to prove that the energy they use to generate hydrogen is not only low carbon, but new, identifiable and local.