Comments on Section 45V Credit for Production of Clean Hydrogen

On December 26, 2023, the U.S. Department of the Treasury released proposed rulemaking for the clean hydrogen production tax credit under the Inflation Reduction Act (IRA), which aims to lower the production costs of clean hydrogen. The RTC submitted comments supporting attainable and predictable eligibility rules to accelerate the development of the clean hydrogen industry.  More specifically, the RTC recommends:

1. Providing long-term certainty on the GREET model,
2. Creating additional flexibility for the temporal matching and incrementality pillars of electrolytic hydrogen, and
3. Supporting the proper use of renewable natural gas (RNG) for hydrogen production with environmental integrity.