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Proposed Clean Hydrogen Production Credit regulations aim to boost clean energy industry   The Treasury and Internal Revenue Service have issued proposed regulations in connection with implementing the Clean Hydrogen Production Credit authorized pursuant to the Inflation Reduction Act (IRA). The 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, as noted in a Treasury Department press release. Policy objectives. While clean hydrogen holds considerable potential to reduce emissions across a range of sectors and applications, the Treasury Department also acknowledges that currently, hydrogen production typically results in significant climate pollution. The proposed regulations aim to advance the development of a robust U.S. clean hydrogen industry that reduces carbon emissions, while also creating good-paying jobs, according to the department. This story can be read in its entirety (no paywall) on the Wolters Kluwer Vital Law site at https://lnkd.in/gJHb8sRe. As reported by Brad Rosen. #InflationReductionAct #TreasuryDepartment #IRS #CleanHydrogen #GreenHouseGasEmissions 

A leaked draft of the U.S. Treasury’s guidance for clean hydrogen producers reveals stricter requirements for tax credits, invoking concerns across the industry. Learn more: https://lnkd.in/gNN-9RTn #hydrogennews #cleanhydrogen #hydrogenregulations #hydrogeninfrastructure

We now have proposed US regulations on the hydrogen storage investment tax credit (released just before Thanksgiving) and on the clean hydrogen production tax credit (released just before Christmas). The combined rules will govern the key US hydrogen subsidies and will therefore have a huge impact on whether or not hydrogen becomes a core component of the world's energy mix. I certainly hope so. We will be working through the rules and their implications as fast as we can. Stay tuned.  #45v #cleanhydrogen #hydrogenITC #hydrogen #H2 #hydrogeneconomy #H2economy #cleanH2economy #cleanhydrogeneconomy #hydrogenenergy #h2energy #hydrogenpower #h2power #hydrogenstorage #h2storage #hydrogenproduction #h2production #cleanenergy #cleanhydrogen #cleanh2 #hydrogennow #h2now #hydrogeneration #h2generation #hydrogenecosystem #h2ecosystem #h2future #energytransition #hydrogenstrategy #hydrogennews #h2news #fuelcells #hydrogenfuelcell #hfc #cleanelectricity #fcev #fuelcellelectricvehicle #hydrogenmobility #h2mobility #hydrogenaviation #h2aviation #kingandspalding #teamhydrogen #teamh2 #ksteamhydrogen #ksteamh2 #inflationreductionact #45V #HydrogenPTC #cleanhydrogenPTC #h2ptc #cleanh2ptc #greenhydrogen #greenh2 #bluehydrogen #blueh2 #whitehydrogen #whiteh2 #orangehydrogen #orangeh2 #pinkhydrogen #pinkh2 #purplehydrogen #purpleh2 #hydrogenITC #geologichydrogen #hydrogensubsidies #h2subsidies #h2hubs #hydrogenhubs #hydrogenfunding #departmentofenergy #hydrogène #wasserstoff #suiso #hidrógeno #idrogeno

U.S. Department of the Treasury’s proposed #45V hydrogen tax credit rules are raising questions about the kind of regulations that are needed for low-carbon hydrogen to actually progress in the US. Many industry leaders advocate for more flexible rules to accommodate varying project needs, emphasizing the importance of specific, customizable carbon intensity characterization. More from Velda Addison in Hart Energy: https://lnkd.in/gW3BY4Zd #hydrogen #45vtaxcredit #inflationreductionact

Treasury and IRS Issue Proposed Regulations With Respect to Clean Hydrogen Credits Under Sections 45V and 48 of the Internal Revenue Code https://bit.ly/47ntoWu #hydrogen #cleanenergy #taxcredit

Treasury and IRS Issue Proposed Regulations With Respect to Clean Hydrogen Credits Under Sections 45V and 48 of the Internal Revenue Code https://bit.ly/47ntoWu #hydrogen #cleanenergy #taxcredit

- 🔉 The #US government is offering a #taxcredit for clean #hydrogen production. - ️ ✅ Companies need to meet certain #environmental requirements to get the tax credit. - 💸 The current requirements might prevent some existing #cleanenergy sources from qualifying for the credit. - ♻️ The industry wants looser requirements, while environmentalists want to keep them strict. 👉 FOLLOW EnergyNews.biz 👈

The U.S. Department of the Treasury has finally released the details of the #hydrogen Production Tax Credit 45V. Additionality, hourly temporality, and geographic requirements are in place, including rules on RNG. There were always going to be trade offs to balance incentivizing early investments for technology growth vs requiring strict rules adherence in the long run and complexity vs ability to regulate. What’s important is the rules of the playing field are now set, and a wave of investment can follow. #hydrogen #policy

https://lnkd.in/e3ruG2jH Clean Energy Group Statement on Treasury Department Hydrogen Tax Credit Guidance On Friday, December 22, the US Treasury Department released initial guidance regarding the Inflation Reduction Act’s (IRA) clean hydrogen (45V) tax credit program.Clean Energy Group(CEG) applauds the Treasury’s decision to follow the guidance ofclimate scientists,environmental justice advocates, andtechnical expertsand apply appropriately strict standards to ensure that the 45V tax credit incentivizes truly clean hydrogen production that will not lead to a dangerous increase in greenhouse gas emissions.

Into H2? A detailed breakdown of 45V below from the superstar energy tax team at Holland & Knight LLP. They make it look easy, but no one has their depth! #cleanhydrogen