Replies to post #56571 on Plug Power Inc (PLUG)

[Jditi]

Per the draft 45v, plug will find it tough to stay in business. However, final rules are likely to be at least as good for business as Europe's (otherwise all the doe hubs will rust). In this case, I estimate sales will rise 3x-10x over 5 yrs for plug and most of the industry.

[B_B!]

45V is retroactive!

5. Section 45V does not specify an earliest date on which a qualified clean hydrogen production facility must begin construction or be placed in service to be eligible to claim the section 45V credit. However, the section 45V credit is available for qualified clean hydrogen produced after December 31, 2022.

Section 45V Credit for Production of Clean Hydrogen; Section 48(a)(15) Election To Treat Clean Hydrogen Production Facilities as Energy Property
A Proposed Rule by the Internal Revenue Service on 12/26/2023
https://www.federalregister.gov/documents/2023/12/26/2023-28359/section-45v-credit-for-production-of-clean-hydrogen-section-48a15-election-to-treat-clean-hydrogen