The Biden administration has released stringent guidelines for clean-hydrogen subsidies, proposing lucrative tax breaks to companies producing hydrogen. The proposal has sparked controversy, with some expressing disappointment over the limits placed on hydrogen production. However, others, including Senator Jeff Merkley and Representative Peter Welch, have lauded the administration's efforts to ensure the development of a truly clean hydrogen industry. Industry stakeholders have endorsed the proposal, signaling readiness to invest in a clean hydrogen sector. The proposed tax credits for hydrogen production are stricter than many companies had expected, and the Treasury Department's rules align with the best available science, aiming to lower emissions. Despite immense pressure from gas and utility interests, the administration is pushing for rules that meet statutory emissions requirements to unleash investment in a truly clean hydrogen industry.
Green Hydrogen Fans See Red Over Tax-Credit Proposal https://t.co/Nsj9LHkKSz
The Biden administration on Friday outlined requirements for a hydrogen-production tax credit—with tight restrictions aimed at ensuring the hydrogen produced really helps lower emissions. https://t.co/hXAaur7nKr
The Biden administration on Friday issued its long-awaited plan to provide lucrative tax breaks to companies that make hydrogen, a clean-burning fuel. https://t.co/4Gd4ymHdGu
New rules for America’s green-hydrogen industry are controversial. In the tension between growth and greenery, the Biden administration leans green-ward https://t.co/Cupe1sWnfc 👇
Treasury proposes strict climate rules for lucrative hydrogen energy tax credit https://t.co/teFdmXTG69 https://t.co/9KhCZ0fUtl
Hydrogen tax credit plan unveiled as Biden administration tries to jump start industry https://t.co/ZwuvIFP4N2
tl/dr The idea that implementing climate-aligned #hydrogen tax credit rules that meet statutory emissions requirements will stifle industry takeoff is DEMONSTRABLY FALSE. The Biden Admin is poised to implement rules that will unleash investment to scale a truly clean #H2 industry https://t.co/etL28udAyL
At long last, proposed #hydrogen tax credit rules are out. Industry reactions are in. While opponents of climate-friendly rules continue to complain, stakeholders from across the industry endorsed the proposal & are prepared to unleash investment in a truly clean H2 sector. A🧵⤵️ https://t.co/uoizJkd1JS
I applaud the Biden administration for its proposed hydrogen tax credit guidance to ensure the highest credit level funds truly clean hydrogen. Taxpayer dollars should supercharge new clean energy projects—not fund fossil fuels of the past. https://t.co/1U6xUqrx7x
New rules for America’s green-hydrogen industry are controversial: In the tension between growth and greenery, the Biden administration leans green-ward https://t.co/NhXJ0A44iA
Excited that the Biden Administration has released guidelines for a hydrogen tax credit passed in the Inflation Reduction Act. I've been urging the Administration to ensure the most money goes to the greenest hydrogen sources, and it's great to see they're taking that path.
Biden's hydrogen tax credit unveiled as administration tries to jump start industry https://t.co/opm9duONp6
The Biden admin’s long-awaited hydrogen tax credit rules are here--and they're on the right track! I explain here: https://t.co/RG9Dpa7gTD Now to finalize sound rules and unleash billions of investment to build tens of gigawatts of truly clean H2 projects https://t.co/Q5bnvavhEO
Biden Administration Unveils Hydrogen Tax Credit Plan To Jump-Start Industry https://t.co/t5RWDFobvm
Disappointed to see the limits placed on hydrogen production in the Biden Administration's proposed guidance for the 45V Hydrogen Power Tax Credit. I'm concerned about their impact on the future of hydrogen power in places like Western PA. More ⤵️: https://t.co/dLQvsVpRel
The Biden administration took an important step to ensure we develop a truly clean hydrogen industry. Creating hydrogen energy can be greenhouse gas-intensive—if we want it to be a part of the climate solution, we need to get the production piece right. https://t.co/h3tjN8zXJy
The Biden administration stood up to immense dirty-industry pressure & put out clear, stringent guidelines for clean-hydrogen subsidies. A climate movement worth a shit would be celebrating him to the heavens right now.
"The Treasury Department set a clear signal with the 45V tax credit that the race is on to produce affordable clean hydrogen in America." More from BE's Executive Vice President @MikeBoots_ on the proposed regulations: https://t.co/XScHd1664H
The future of clean hydrogen in the US could hinge on a new tax credit https://t.co/qiNTXioR1v
BREAKING: President Biden makes history as his administration unveils its highly anticipated plan for shelling out billions in tax credits to hydrogen producers — paving the way for a clean energy economy to save us from climate change. Donald Trump and his fossil fuel masters… https://t.co/lfmWOgnPs6
Impressive work from the Biden Administration to craft rules about what qualifies as "green hydrogen" that put the industry on a path to actually meeting the intended goal of reducing pollution, despite immense pressure from gas and utility interests, led by NextEra.
Proposed U.S. tax credits for hydrogen production are stricter than many companies had expected. https://t.co/6X28zFg6MO
The @USTreasury has unveiled rules to guide the implementation of a clean hydrogen tax credit established by the Inflation Reduction Act. The rules align with the best available science, @wilson_ricks tells @heatmap_news. https://t.co/unGvBJJix7
The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday. https://t.co/yiKR1ifba1
‘Green’ Hydrogen Makers Say Strict Federal Tax Credit Rules Will Stall U.S. Boom https://t.co/dRHXGo2qzv
Biden administration releases proposal to use tax code to boost hydrogen fuel production https://t.co/HRzgBkRigz