Hydrogen is a strategic opportunity for US leadership of the global clean energy economy. With the right incentives in place, hydrogen can position the United States as a net-zero industrial powerhouse, sustaining momentum the US economy has experienced from abundant natural gas production throughout the shale revolution. But Washington has yet to capture the fullness of this opportunity. A Congressionally mandated August 16 deadline for the US Treasury to issue guidance on clean hydrogen tax credits came and went without any action from the federal agency. These credits created under the Inflation Reduction Act (IRA) for Treasury-defined “clean hydrogen” are critical to industry’s success. The delay is a setback for the United States’ growing green industrial competitiveness realized through the IRA, and risks the country’s potential to become a global leader of a zero-emission hydrogen industry. The Biden administration’s momentum on bolstering the United States’ significance in the global green economy must start with an inclusive approach to hydrogen tax credits.

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