A reported leak of US Treasury guidance for the Inflation Reduction Act’s (IRA’s) 45V clean hydrogen production tax credit (PTC) suggests it could impose more stringent requirements on green hydrogen producers than EU rules.
The leak, originally reported by Bloomberg and Politico, indicates the Treasury’s guidance might include additionality, geographical and hourly correlation requirements (the three pillars), like those set out in the EU’s Renewable Energy Directive (RED) II delegated acts.
However, if the leak is correct, the Treasury will require electrolyser operators to match electrolysers will renewable energy production on an annual basis from 2027 and an hourly basis from 2028 – earlier than the EU. H2 View has not been able to independently verify the claims.
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