H2 Green Steel is currently working on four other green hydrogen-based steel production projects in the Americas and...
US H2Hubs: Revise 45V guidance to ensure hydrogen investments and jobs
The US Regional Clean Hydrogen Hubs (H2Hubs) selected for a combined $7bn of funding have called on the government to amend the proposed guidance on the Inflation Reduction Act’s (IRA’s) clean hydrogen production tax credit (PTC).
In a joint letter to the Treasury Secretary and a Senior White House Advisor, leaders of the H2Hubs said the guidance on the 45V PTC may have “far-reaching negative consequences for the entire domestic clean hydrogen industry.”
(…) Upon proposal of the guidance, coalition Hydrogen Forward described the guidance as “misguided,” adding the “restrictive and unworkable” requirements counter congressional intent and the Biden administration’s climate goals.
Read more here.
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