U.S. Hydrogen Developers Seek to Expand IRA Tax Credit Rules

Developers of hydrogen projects and industry associations are seeking expanded tax credits under the Inflation Reduction Act, saying in hearings this week that the rules on clean energy for hydrogen production need to be loosened to allow the industry to take off. At the end of last year, the U.S.

So, developers and industry associations told the hearings that some of these rules need to be eased so that their projects would be viable, Reuters reports. Fortescue, an Australian company pursuing a project in the U.S., said, for example, that the so-called 45V tax credit, as-is, would not cover its project.

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