Industry warns 45V hydrogen rollback would be ‘catastrophic’
Eliminating the US’ clean hydrogen production tax credits would be a “catastrophic step backwards,” the head of the Fuel Cell and Hydrogen Energy Association (FCHEA) has warned.
Frank Wolak’s comments come as the House Ways and Means Committee enters its eighth hour of debate on the so-called “One Big, Beautiful Bill” that looks to gut clean energy provisions from the Inflation Reduction Act (IRA) and extend tax credits.
Under the bill, Republicans are hoping to “terminate” Section 45V tax credit for hydrogen plants that begin construction after 31 December 2025. Under current legislation, the tax credit is set to expire in 2033.
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