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.
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