The US Regional Clean Hydrogen Hubs (H2Hubs) selected for a combined $7bn of funding have called on the government to amend the proposed guidance on the Inflation Reduction Act’s (IRA’s) clean hydrogen production tax credit (PTC).
In a joint letter to the Treasury Secretary and a Senior White House Advisor, leaders of the H2Hubs said the guidance on the 45V PTC may have “far-reaching negative consequences for the entire domestic clean hydrogen industry.”
Under rules proposed by the Treasury in December (2023), US green hydrogen producers will have to source renewable electricity from the same regional grid, from assets that are no older than three years old at the time of hydrogen production start-up, to gain access to the 45V’s top tier $3/kg PTC.
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