Another engaging summary from the good folks at RBN Energy. This one addresses the feedback on the proposed rules around the 45V tax credit. Of particular interest to me is what appears to be a massive disconnect between what the IRS proposes and what the DOE is attempting to accomplish with the hydrogen hubs selected for federal funding.
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Proposed 45V Credit Rules Get Pushback
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Blue hydrogen is effectively ineligible for the top level of the credit, as noted above, and there are no provisions in the proposed rule that explicitly allow nuclear power to qualify as a clean-power source. That’s a big issue not only because the U.S. is a major producer of natural gas and nuclear power, but also because five of the seven regional hydrogen hubs selected to receive billions in federal funding last year would rely on producing hydrogen using one (or both) methods. If blue and pink projects (the latter being those powered by nukes) are no longer economically viable, that undercuts the potential of the hubs.
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