Industry Raises Alarm Over Reports Of Strict Treasury Hydrogen Policy

A clean energy industry group is raising alarm at reports that an imminent draft guidance from the Treasury Department for implementing a critical hydrogen tax credit could impose certain requirements for matching renewable energy to clean hydrogen production on a timeline quicker than European Union rules. “If true, the Biden Administration’s proposed strategy for implementing these provisions will fail to get this new industry off the ground,” American Clean Power Association (ACP) President Jason Grumet said in a statement, provided...