Replies to post #54369 on Plug Power Inc (PLUG)

[Mac1957]

How many EVs do you think would be setting in the driveway if they had to use green energy to charge

[B_B!]

the requirements would see investments intended for green hydrogen flow to blue hydrogen projects

US Treasury adopts three pillar requirements for IRA clean hydrogen tax credit
By Charlie Currie on Dec 23, 2023
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Previously speaking to H2 View, Traci Kraus, Executive Director of Government Relations at Cummins – a Hydrogen Forward Member – warned the requirements would see investments intended for green hydrogen flow to blue hydrogen projects.
She suggested that if the top tier requirements are too hard to achieve, project developers may opt for blue hydrogen production because it is easier to gain the same, albeit lower, level of tax credit.
The coalition suggests the guidance should ensure a broad range of low- and zero-carbon technologies and production pathways remain eligible for the incentive on a carbon intensity basis.

Furthermore, Roxana Bekemohammadi, founder and Executive Director as the US Hydrogen Alliance (USHA), said the requirements put the incentive “out of reach.”
“The Biden-Harris Administration has miscalculated an effective pathway to implementing the hydrogen production incentives, completely missing the intention of the IRA,” Bekemohammadi said.

She warned the “miscalculation” compromised the success of the recently awarded seven regional hydrogen hubs.
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https://www.h2-view.com/story/us-treasury-adopts-three-pillar-requirements-for-ira-clean-hydrogen-tax-credit/2104043.article/