Top Senate Democrats, including Tom Carper and Joe Manchin, anticipate the Biden administration will modify the proposed Treasury Department rule on hydrogen tax credits (45V) to be more favorable for producers. This change is expected to address the stringent qualification requirements outlined in the original draft guidance, which was part of the Inflation Reduction Act. The modification may include easing restrictions on the use of clean energy in hydrogen production, potentially allowing a percentage of pre-2023 clean energy generation to qualify as a new clean energy source. This adjustment aims to facilitate hydrogen energy development, particularly for hydrogen hubs funded by infrastructure bill dollars.
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