What does it mean for hydrogen to be clean? And will the emerging hydrogen economy be able to deliver the meaningful climate benefits it promises? The U.S Treasury is about to make a series of decisions that will determine the answer to these questions for the U.S region, and potentially others around the world who choose to follow by example.
Update 3/27/2024: EDF gave testimony at the public hearing on the 45V treasury guidance. See testimony here and full public comments submitted here.
The Biden administration recently unveiled the long-awaited draft of its rules governing tens of billions of dollars’ worth of tax incentives that will greatly influence America’s nascent hydrogen economy and the extent to which the emerging industry delivers promised climate benefits.
The Department of Energy has announced the list of selectees under its $7 billion Hydrogen Hubs program. If they successfully conclude final negotiations with DOE, projects will receive funding to create close-proximity networks of hydrogen producers, consumers, and connective infrastructure as part of the Biden administration’s ambitious climate and clean energy effort.
