The United States Senate is currently engaged in a crucial phase of shaping the House-passed One Big Beautiful Bill Act (H.R. 1), a significant $3.8 trillion budget reconciliation package. Lawmakers are specifically focusing on clean energy tax incentives within this bill, notably the clean hydrogen production credit referred to as 45V. The House-approved provisions for 45V include offering about $3 per kilogram to qualifying clean hydrogen producers, with the credit set to expire after 2025. Over 275 industry leaders, such as the Fuel Cell & Hydrogen Energy Association and the American Gas Association, have come together to urge Senate Republicans to extend Section 45V until at least 2029. Their argument revolves around the risk of significant investment moving overseas if the credit is terminated. They believe that with the certainty provided by the 45V credit, there is potential to attract private capital, boost domestic manufacturing, and create long-term employment opportunities in various sectors like construction, operations, and technology innovation. The Rhodium Group, among other analysts, has expressed concerns that cutting or eliminating energy credits, such as 45V, could lead to a halt in planned investments amounting to $522 billion and put numerous clean energy jobs in jeopardy. The fate of these energy-related tax credits will be a critical part of the broader tax bill debate in the Senate in the upcoming weeks. The Senate's decision on these credits will have far-reaching implications for the growth of clean manufacturing, energy innovation, and the overall affordability of energy in the United States. Senate leaders are planning to present a revised version of the bill in the current week, with a final vote anticipated to take place by or before July 4. Once the Senate finalizes its version, it will be sent back to the House for reconciliation before reaching the President for approval.