Tax Credit Repeal Threatens 60,000 Jobs in Blue Hydrogen: Report
The U.S. has 9.8 million metric tons of annual blue hydrogen production capacity in development — enough to power more than 18 million homes and employ 62,200 people, according to a report by the Citizens for Responsible Energy Solutions Forum, a right-leaning advocacy energy group in Washington D.C.
Much of this capacity was prompted by the creation of the 45V tax credit for low-carbon hydrogen production, according to Heather Reams, president of the CRES Forum. Blue hydrogen is derived from natural gas.