Clean Hydrogen Gets a Turbo Boost with New Tax Credits

The U.S. Treasury finalized Clean Hydrogen Production Tax Credit rules on December 31, 2024, offering up to $3 per kilogram for low-emission H₂. Eligible methods include renewable electrolysis and natural gas with carbon capture, ensuring lifecycle GHG emissions are ≤4 kg CO₂e/kg. This initiative aims to channel billions into green hydrogen, create quality jobs, and position the U.S. as a clean energy leader by 2030. Industry welcomes the clarity, though some joke it’s ambitious—progress, after all, is better than perfection!