Congress Passes Bill to Restore Hydrogen Production Tax Credit
Key Ideas
- The One Big Beautiful Bill Act passed by Congress restores the critical Section 45V hydrogen production tax credit, recognizing hydrogen's potential to create jobs and strengthen energy security.
- Extending the commencement of construction date to January 2028 for the hydrogen production credit allows for significant project advancements, jump-starting the U.S. hydrogen market and Regional Hydrogen Hubs.
- FCHEA and multiple energy sector organizations collaborated to support this policy solution, positioning the U.S. hydrogen sector to advance American energy and manufacturing leadership.
- The Fuel Cell & Hydrogen Energy Association (FCHEA) has been a consistent industry voice for over 30 years, driving federal and state support for hydrogen energy and fuel cell technologies.
The article highlights the passing of the One Big Beautiful Bill Act by Congress, which includes the restoration of the Section 45V hydrogen production tax credit. The Fuel Cell & Hydrogen Energy Association (FCHEA) played a central role in advocating for this credit's restoration, with specific recognition given to Senators Shelly Moore Capito and Bill Cassidy for supporting hydrogen's potential in job creation and energy security. By extending the construction commencement date to January 2028, the U.S. hydrogen industry is poised to advance key projects and Regional Hydrogen Hubs, boosting the market. The collaborative efforts of FCHEA and various energy sector organizations have led to a policy solution that benefits the U.S. hydrogen sector, positioning it for growth in energy and manufacturing. FCHEA's longstanding advocacy for hydrogen energy and fuel cell technologies has been instrumental in driving federal and state level support, emphasizing the environmental and economic benefits of hydrogen energy.
Topics
North America
Policy
Clean Energy
Job Creation
Manufacturing
Economic Growth
Energy Industry
Environmental Benefits
Federal Support
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