WASHINGTON – Today, Citizens for Responsible Energy Solutions (CRES) released a statement regarding the U.S. Department of the Treasury and Internal Revenue Service’s (IRS) final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act.
“We are pleased to see the long-awaited release of the final rules for the Clean Hydrogen Production Tax Credit,” said CRES President Heather Reams.“These rules make important improvements from Treasury’s proposed rules, including introducing vital flexibility for hydrogen producers, but still more progress is needed to enable near-term project deployment and fully unlock the potential of American produced hydrogen. To position the United States as a global leader in hydrogen production, policymakers must prioritize a framework that fosters investment, innovation and scalability – consistent with comments submitted by CRES. Ensuring a strong, long-term clean hydrogen market requires policies that balance environmental stewardship with practical requirements.
Reams continued, “CRES remains committed to working with policymakers, including with the upcoming Trump Administration, and industry stakeholders to strengthen these rules to unlock greater investment and accelerate clean hydrogen development, ultimately strengthening U.S. energy security and reducing global emissions.”
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