U.S. Treasury Department released long-awaited details on December 22 regarding the 45V federal tax credits designed for U.S. hydrogen facility developers.
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“Hydrogen Economy” has transitioned from aspiration to reality in the United States, gaining momentum within the energy industry.
In a move poised to shape the future of the U.S. hydrogen industry, energy advisor John Podesta announced that the country would release crucial guidance on securing hydrogen subsidies embedded in last year’s Inflation Reduction Act (IRA).
The hydrogen industry’s eager anticipation of the American market is met with a cloud of uncertainty, stirred by a leaked draft of Treasury Department rules regarding hydrogen tax credits under the Biden administration’s climate law.
As the hydrogen economy gathers steam worldwide, experts are warning that the European Union (EU) must expedite the deployment of…
The United States is making significant strides in its pursuit of a low-carbon hydrogen economy, with a recent report by consultancy Wood Mackenzie highlighting the importance of private investment in achieving the ambitious goals set by the Biden administration.
The US government will announce on Friday the recipients of $7 billion in federal grants to build regional hydrogen hubs, three sources close to the matter told Reuters.
Hydrogen is not just another element; it’s a strategic opportunity for the United States to lead the global clean energy revolution. With the right incentives, hydrogen could position the U.S. as a net-zero industrial powerhouse, maintaining the economic momentum it gained from abundant natural gas production during the shale revolution.
The United States’ pursuit of a greener future faces a pivotal juncture as the Department of the Treasury misses its deadline to provide crucial guidance on hydrogen production qualifying for maximum tax credits.
As the world strives to transition to cleaner and sustainable energy sources, the hydrogen sector has emerged as a promising solution to decarbonize various industries. Companies like Plug Power are at the forefront of this transition, pioneering fuel cell technology to power vehicles and industrial applications.
