Treasury Releases Final Rules for 45V Clean Hydrogen Production Credit

Date: 01/03/2025

Type: Implementation of IRA

On January 3, 2025, Treasury issued final rules on the IRC section 45V Clean Hydrogen Production Tax Credit established by IRA section 13204. The final rules clarify eligibility requirements for hydrogen produced with electricity generated from several methods, including natural gas with carbon capture, renewable natural gas, and coal mine methane. DOE will release an updated 45VH2-GREET model in the coming weeks to allow hydrogen producers to calculate section 45V credits.

Opportunities for Participation and Additional Resources:

Final Rule: https://www.federalregister.gov/public-inspection/2024-31513/credit-for-production-of-clean-hydrogen-and-energy-credit
Press Release: https://home.treasury.gov/news/press-releases/jy2768