US Treasury under pressure for no hydrogen tax credit additionality requirement

Pressure for the US Treasury Department for the Hydrogen Production Tax Credit (45V) to deliver guidance with no overly stringent requirements, including additionality, is rising.

Players across the nation have been calling for the hydrogen guidance on the infamous Inflation Reduction Act (IRA) to be practical and workable, with many suggesting additionality requirements could stifle clean hydrogen production.

The IRA under its 45V offers a clean hydrogen production tax credit (PTC) of up to $3/kg of hydrogen, based on its lifecycle emissions, but the guidance on how the PTC will be implemented is still being awaited.

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