Letter on hydrogen: 45V on the brink?

Defining moment for US hydrogen sector as House Republicans seek termination of green tax credits

The outlook for clean hydrogen in the US is looking more blue by the day. Provisions put forward in mid-May by US House Republicans, ahead of the country’s budget reconciliation, called for the “termination” of the 45V tax credit by bringing forward its expiry to the end of 2025, from 2033. By contrast, the tax credits for carbon sequestration would be left largely intact, except for a tightening of the rules around credit transferability and access for certain prohibited foreign entities. $3/t – Maximum 45V credit This stance on 45V, which has Republican opponents, is bewildering for developers with green projects that are relatively well advanced. Without the tax credits, most gree