The energy industry has lauded clean hydrogen (H2) as a next-era power source, with use cases ranging from electricity to transportation. To support renewable energy development, the 2022 Inflation Reduction Act (IRA) proposed a range of incentives to increase production, with the most generous subsidies given to clean hydrogen. Since the IRA’s passage, clean hydrogen projects have seen surprisingly stifled growth, with developers often citing investor hesitations until the final ruling for 45V, the clean hydrogen tax credit, was released.
On January 3, the Treasury issued 45V’s long-awaited final rule, which went into effect on January 10.
In this contribution to ESG Review's The Take Off, Nexus PMG CEO Ross Faransso discusses the key details, flexibilities, and overall implications of 45V.
Read the full article on ESG Review.
