#45V hydrogen rules are out, and the headline bits look rather good: new (built within 3 years) electricity sources only, co-location (in same region), and time-matching by 2028 https://home.treasury.gov/news/press-releases/jy2010
Th leaked #45V#hydrogen tax credit rules from the US Treasury look goood. Let's hope people don't flip out and try to get them changed before they're finalized. #EnergyMastodon#EnergyTransition
With the $3/kg credit, new renewables running electrolyzers already pencil financially even without a grid connection, so stuff is going to get built even with these additionality, hourly matching, and deliverability requirements.
Still no firm date from Treasury on the #45V clean #hydrogen tax credit guidane. Meanwhile a fire hose of fossil fuel cash is soaking DC. Is this going to end up like the cellulosic ethanol debacle?