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Hydrogen Industry Raises Alarm Over Leaked US Tax Credit Rules
By Ari Natter
5 december 2023 at 02:05 CET

A leaked draft of high-stakes Treasury Department rules for a production tax credit for hydrogen created in President Joe Biden’s signature climate law is setting off alarms by the industry, which says the requirements put the success of the nascent climate-friendly fuel at risk.
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Specifically, the guidance includes a requirement that hydrogen projects have to be powered by new sources of clean electricity, with a three-year “lookback” window allowing renewable energy generation brought online in the past three years to count, the people said.

In addition, the draft rules require hydrogen projects be supplied with new, clean power sources operating on the same grid on an annual basis through 2027 and then on a hourly basis starting in 2028, according to the people.
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https://www.bloomberg.com/news/articles/2023-12-05/hydrogen-industry-raises-alarm-over-leaked-us-tax-credit-rules?leadSource=uverify%20wall