The Biden administration’s proposed rules for clean hydrogen tax credits are taking heat from the seven regional hubs the administration hand-picked to jump-start the clean hydrogen industry.
The Internal Revenue Service is finalizing the potentially transformational 45V tax credit for clean hydrogen production, which could inject hundreds of billions of dollars into an infant industry that many consider crucial to decarbonizing broad swaths of the economy. Monday was the deadline to submit comments, prompting nearly 30,000 submissions in clean energy’s wonkiest war of words.
The IRS proposal, released on a Friday in late December, hewed to science-based principles to ensure that hydrogen production does in fact avoid carbon emissions, as required in the Inflation Reduction Act. Plenty of hydrogen companies have embraced these strict rules. But some industry groups, fossil fuel companies and prominent lawmakers have opposed…
