Hydrogen industry urges US Treasury to ease environmental requirements for 45V tax credit, fearing growth hindrance.
Hydrogen industry urges US Treasury Dept. to ease proposed environmental requirements for new U.S. tax credits, warning that strict requirements could hinder the growth of the nascent industry. The Treasury and Internal Revenue Service recently hosted hearings on the guidance for the 45V tax credit, a lucrative incentive in the 2022 Inflation Reduction Act, which offers a 10-year incentive for clean hydrogen production.
March 27, 2024
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