The US Treasury is expected to publish guidance for 45V this summer
Clarification needed for US green hydrogen investment wave
The Treasury is mulling requirements for additionality, temporal matching and deliverability
There is much excitement around the generous US tax credits for clean hydrogen production, but companies are waiting for clarity around their implementation from the US Treasury before finalising investments. The Inflation Reduction Act (IRA) introduced section 45V production tax credits of up to $3/kg for hydrogen produced at sites that emit less than 0.45kg of CO₂e for every kg of hydrogen. The level of credits falls steeply for facilities with higher levels of emissions—just $1/kg is available for producers that emit in a range of 0.45–1.5kg of CO₂e, dropping to $0.75/kg for emissions of 1.5–2.5kg of CO₂e and $0.60/kg for emissions of 2.5–4kg of CO₂e. As an alternative, producers could
Also in this section
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
