Energy Innovation Oral Testimony to the United States Treasury Department and Internal Revenue Service On The 45V Clean Hydrogen Production Tax Credit

Energy Innovation Electricity Manager Dan Esposito provided oral testimony to the Department of the Treasury on the 45V Hydrogen Production Tax Credit, emphasizing guidance for eligibility should include additionality, hourly time-matching, and incrementality. Establishing a domestic hydrogen industry without these three pillars carries major risks for increased greenhouse gas emissions, more air pollution, and the creation of a hydrogen industry largely dependent on subsidies for survival.

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