Hydrogen Project Development Rule Requires Flexibility, Say Democrats
In an effort to ensure that federal regulations don’t hinder the development of the nation’s evolving hydrogen economy, more than a dozen congressional Democrats called on the Biden administration to provide flexibility around the implementation of the Clean Hydrogen Production Tax Credit, also known as the 45V Credit.
The lawmakers worry that the current proposed implementation of the final 45V Credit rule threatens to undermine the critical role of the U.S. Department of Energy’s (DOE) Regional Clean Hydrogen Hubs program, as well as the nation’s competitiveness in the emerging global hydrogen industry, according to a Nov. 19 letter they sent to U.S. Treasury Secretary Janet Yellen and Internal Revenue Service Commissioner Danny Werfel.