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."

ADDITIONAL RELATED NEWS LINKS

• Hydrogen Could Be Used For Nearly Everything. It Probably Shouldn't Be.


• ZeroAvia's New Turbocharged Hydrogen Fuel Cell Makes Zero-Emission Flights A Possibility


• Can Green Hydrogen Production Help Bring Oceanic Dead Zones Back To Life?


• Hydrogen Prototypes To Run On Track In Le Mans Build Up


• Japan Invests $33 Billion For Its New In-House Hydrogen Passenger Jet


• Golden Hydrogen - Or Fool's Gold?


• These Batteries Are Rilled With Water So They Won't Burst Into Flames


• Hydrogen Mining: The New Energy Transition Challenge


• Will Hydrogen Overtake Batteries In The Race For Zero-Emission Cars?


• California's Hydrogen Stations Being Fixed More Hours Than Pumping At 15% Capex Per Year