The time of waiting and hoping is over for taxpayers looking to finance and develop hydrogen projects. Treasury and the IRS ...
The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.
The US’ 45V hydrogen tax credit is among the most – if not the most – generous incentives for hydrogen production in the ...
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have released final regulations or tax credits for the production of ...
The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen ...
One of the projects awaiting the 45V final rules was a potential $1.5 billion sustainable aviation fuel hub at Pittsburgh ...
Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck in limbo for the last couple years, waiting ...
On January 3, 2025, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue ...
Various stakeholders within the nuclear industry say the clarity provided by the Treasury Department’s hydrogen tax credit ...
The U.S. Treasury Department’s new regulations for the Clean Hydrogen Production Tax Credit (45V) broaden eligibility for ...
Generally, hydrogen production that generates fewer greenhouse gases throughout its lifecycle gets bigger tax credits ... so the maximum credit could make the process competitive with fossil ...