Proposals are out for consultation
Letter on hydrogen: IRA’s reality check
Proposed regulation of production tax credits exhibits many of the complexities and tight definitions contained in EU’s green hydrogen framework
The US Treasury has published proposals on the regulation of hydrogen production tax credits to be offered under the Inflation Reduction Act (IRA). The proposals end months of speculation over the implementation of IRA in the hydrogen sector. Clarity around the definitions of green hydrogen production projects which can qualify for credits will reassure developers and their financial backers and help bring more projects to FID. But the proposals also present a reality check. IRA’s hydrogen support regime has dazzled the industry with offers of a top rate of $3/kg tax credit. Project developers and OEMs such as electrolyser manufacturers have flocked to the US market, pledging substantial inv
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
