Celebrating the Passage of the One Big Beautiful Act: A Boost for the U.S. Hydrogen Industry
Key Ideas
- The One Big Beautiful Act includes the restoration of the Section 45V hydrogen production tax credit, recognizing hydrogen's potential to create jobs and boost energy security.
- With the extension of the commencement of construction date to January 2028, the U.S. hydrogen industry can kickstart projects, including vital Regional Hydrogen Hubs.
- The collaborative efforts of FCHEA and various energy organizations have led to a common-sense policy solution that positions the U.S. hydrogen sector for growth and leadership.
- The Act signifies a commitment from Congress to compete in the global clean energy economy by providing incentives and flexibility for the hydrogen industry to thrive and innovate.
The Fuel Cell and Hydrogen Energy Association (FCHEA) has celebrated the passage of the One Big Beautiful Act by Congress, highlighting the restoration of the Section 45V hydrogen production tax credit as a significant win for the U.S. hydrogen industry. FCHEA's President & CEO, Frank Wolak, expressed pride in the role played by the association in advocating for this crucial tax credit and thanked Senators Shelly Moore Capito and Bill Cassidy for their support. The Act extends the commencement of construction date to January 2028, offering the hydrogen industry an opportunity to initiate key projects, notably the development of Regional Hydrogen Hubs.
The collaborative efforts of FCHEA and other energy organizations have been instrumental in securing this policy change, reflecting a broader commitment to advancing clean energy solutions in the United States. The extension of the hydrogen production credit is seen as a positive step towards driving investment, job creation, and enhancing energy security. By providing the necessary flexibility and incentives, Congress aims to position the U.S. hydrogen sector as a competitive player in the global clean energy market.
The FCHEA, as the national industry association, continues to advocate for the widespread adoption of hydrogen energy and fuel cell technologies, emphasizing their environmental and economic benefits. The association's educational initiatives seek to raise awareness among policymakers and regulators about the potential of hydrogen as a clean and reliable energy source. With this recent legislative success, the U.S. hydrogen industry is poised to leverage the opportunities presented and contribute to American energy and manufacturing leadership.