The hydrogen industry has been holding its breath. Finally, The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have officially released their rules for the Clean Hydrogen Production Tax Credit. This is not just a regulatory update; it is a powerful catalyst designed to reshape the hydrogen industry and the broader renewable …
The U.S. Treasury’s Hydrogen Tax Credit: A New Era for Clean Energy Read More »
Hydrogen is a pivotal player in the global transition to clean energy. In 2024, governments and industries worldwide are significantly increasing their investments in hydrogen technologies, recognizing its potential to decarbonize hard-to-abate sectors and provide a sustainable energy source. This article will take a closer look at 2024’s top 10 hydrogen developments and how they …
On March 13, 2024, the U.S. Department of Energy (DOE) announced $750 million in funding for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and reinforce American leadership in the growing hydrogen industry. These projects will advance electrolysis technologies and improve manufacturing and recycling capabilities for clean hydrogen systems and components.
This announcement authorizes $1 billion for research, development, demonstration, and deployment (RDD&D) activities to reduce the cost of clean hydrogen produced via electrolysis and $500 million for research, development, and demonstration (RD&D) of improved processes and technologies for manufacturing and recycling clean hydrogen systems and materials.
