Right on Energy: Section 45V Hydrogen Production Tax Credit
Cresforum
FEBRUARY 7, 2024
clean hydrogen production to 10 MMT by 2030 and 50 MMT by 2050 to achieve a 10 percent reduction in domestic greenhouse gas emissions. Without incentives, hydrogen production with natural gas is typically cheaper than via electrolysis with renewable energy, even if it includes carbon, capture, utilization, and storage (CCUS).
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