Resources
Dec 22, 2023
U.S. Department of the Treasury, IRS Release Guidance on Hydrogen Production Credit to Drive American Innovation and Strengthen Energy Security
Today the U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations (LINK) on the Clean Hydrogen Production Credit established by the Inflation Reduction Act (IRA), part of President Biden’s Investing in America agenda and a key pillar of Bidenomics, which is creating good-paying jobs, strengthening energy security, spurring private-sector investment to build the clean energy economy, and combatting the climate crisis.
Dec 22, 2023
WHAT THEY ARE SAYING: U.S. Treasury Department Framework Will Grow Clean Hydrogen Industry
Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued proposed rules for claiming the Inflation Reduction Act’s Clean Hydrogen Production Credit (45V). The Clean Hydrogen Production Credit aims to make production of clean hydrogen with minimal climate pollution more economically competitive and accelerate development of the U.S. clean hydrogen industry. Today’s proposed regulations advance those goals and will support the development of a robust U.S. clean hydrogen industry that creates good-paying jobs, while also reducing carbon emissions.
Dec 22, 2023
Assessing Lifecycle Greenhouse Gas Emissions Associated with Electricity Use for the Section 45V Clean Hydrogen Production Tax Credit
The document addresses the lifecycle greenhouse gas emissions associated with electricity used in hydrogen production for the Section 45V tax credit. It focuses on the role of Energy Attribute Certificates (EACs) in documenting these emissions and outlines methodologies for assessing the impact of increased electricity load on the grid's GHG emissions. The analysis is crucial for understanding the environmental implications of hydrogen production under the new tax credit guidelines.
Jul 26, 2023
Germany's Updated National Hydrogen Strategy
Germany's updated National Hydrogen Strategy for 2023 emphasizes the importance of hydrogen in ensuring energy security, especially in light of global energy market changes and geopolitical events. The strategy aims to double the national expansion target of electrolysis capacity to at least 10 GW by 2030, accelerate infrastructure development, and position Germany as a leading market for hydrogen technologies.