Policy Pillar: Do 45V rules threaten to halt the IRA’s hydrogen momentum?

It’s been hard to catch a breath covering US hydrogen policy developments. Looking back to August 2022 and the unprecedented momentum caused by the Inflation Reduction Act (IRA), it’s hard to believe the position the US hydrogen industry now finds itself in.

The lure of up to $3/kg clean hydrogen production tax credit (PTC) offered by Section 45V within the act saw a groundswell of interest in the market. Electrolyser OEMs and project developers alike jumped on the apparent US opportunity.

New factories, large-scale projects and new US-focused business strategies were announced.

Now, less than 24 months on, hydrogen industry players find themselves rethinking strategies and investments following the US Treasury’s guidance on how 45V will be implemented. And policymakers must decide whether they deliver rules that will pragmatically support hydrogen’s scale up or firmly ensure its green credentials.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...