ACP Comments on 45V
ACP Files Comments to Treasury on the Clean Hydrogen Production Tax Credit
Section 45V: Credit for Production of Clean Hydrogen is a Proposed Rule introduced by the Internal Revenue Service and the Department of the Treasury which proposes regulations relating to the credit for production of clean hydrogen and the energy credit, respectively.
On February 26, 2024 ACP filed comments expressing concern over the proposed near-term time-matching requirement that will prevent green hydrogen production from scaling up.
- A new analysis from Wood Mackenzie—submitted alongside these comments—along with many other studies, support ACP’s position that Treasury’s current time-matching proposal would severely limit the role green hydrogen will play in the economy of tomorrow.
While ACP supports much of the Proposed Rule, we encourage Treasury to consider implementing the recommendations presented herein in the final rule to ensure the green hydrogen industry can scale up to meet its potential.
(PDF download)
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