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Treasury's Proposed Clean Hydrogen PTC Rule Disappoints Power Industry

31 Dec 2023 | Abstracted from Power Magazine

"If finalized, the Treasury Department's proposed regulations...would essentially establish a tiered production tax credit (PTC) that is available for each kilogram of clean hydrogen produced during a taxable year...the rules define "qualified clean hydrogen" as hydrogen that is produced "through a process that results in a lifecycle [greenhouse gas (GHG)] emissions...The Section 45V credit equals $3...per kilogram of hydrogen produced."

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