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Clean hydrogen is vital to help curb carbon emissions from dirty industrial processes like making steel and fertilizer. So in 2022, the Biden Administration created a valuable new credit for hydrogen that’s made without generating lots of additional greenhouse gases, worth up to $3 a kilogram. But it’s taken a long time to determine exactly what form of hydrogen is clean enough to receive the credit. With just a couple of weeks left until the start of Trump 2.0, the Treasury Department finally unveiled its guidelines for the so-called 45V credit on Jan. 3 and, for the most part, both hydrogen producers and environmentalists are pleased.
Among final tweaks to initial guidelines issued in 2023, companies producing hydrogen with electrolyzers that split the elemental gas from water with renewable…
