article thumbnail

Proposed Electrolyzer Requirements for the Hydrogen Tax Credit: Strengths and Risks

Union of Concerned Scientists

But hydrogen can be cleanly produced and, with the right guardrails in place, that clean hydrogen can then be used to clean up polluting parts of the economy that can’t readily convert to running on renewable electricity. Otherwise, hydrogen will slow the clean energy transition, not speed it. the “three pillars”).

article thumbnail

UCS Testimony on the Clean Hydrogen Production Tax Credit

Union of Concerned Scientists

Department of the Treasury (Treasury) to carefully implement multiple new Inflation Reduction Act (IRA) tax credits, including the Section 45V Credit for Production of Clean Hydrogen (“45V”). The December proposal makes clear that Treasury understands the critical importance of getting implementation guidance right from the start.