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A major question looming over an anticipated Treasury Department rule meant to boost the production of clean hydrogen energy is whether fossil fuel companies will qualify for federal subsidies ⏤ a possibility that environmentalists oppose on the grounds that it could undermine climate benefits of the policy. The tax credit at issue, known as 45V,
On Friday, December 22, the US Treasury Department released initial guidance regarding the Inflation Reduction Act’s (IRA) clean hydrogen (45V) tax credit
Today (Oct 13), the U.S. Department of Energy announced the recipients of the Regional Clean Hydrogen Hubs (also known as H2Hubs) funding, which includes up to $7 billion across seven regional hydroge. . .
“The EPA is calling the bluff on the power industry.”
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New subsidies from the Inflation Reduction Act are powering the race to build the country’s first large-scale producer of “green hydrogen.”