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Right on Energy: Section 45V Hydrogen Production Tax Credit  

Cresforum

FEBRUARY 7, 2024

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). In May 2023, the company put a $900 million nuclear-powered clean hydrogen production facility on hold, awaiting clarity on the rules.

Fossil Fuels 78
Fossil Fuels Electricity 2028 Natural Gas 78
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Climate Choices Part II — Session Law 2021-165 (Carbon Reduction Plan)

Smith Enviorment

JANUARY 22, 2023

For example, the NCUC has asked for information on the impact of federal subsidies and tax incentives (such as those in the Inflation Reduction Act) that may reduce some renewable energy costs. The order also directs Duke Energy to further evaluate both onshore and offshore wind projects.

Law 52
Law 2021 Natural Gas 2030 52
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