45V Clean Hydrogen Production Tax Credit

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final regulations for the section 45V Clean Hydrogen Production Tax Credit.  Established by the Inflation Reduction Act, the credit is designed to promote clean hydrogen production while meeting strict lifecycle greenhouse gas (GHG) emissions standards. The rules provide flexibility and clarity to hydrogen producers, including those using electricity (renewable, nuclear), methane reforming with carbon capture (blue hydrogen), and alternatives like renewable natural…