In response to IRS releasing final guidance for the Inflation Reduction Act’s hydrogen tax credit (45V), Evergreen Action Executive Director Lena Moffitt released the following statement:

“We are glad to see IRS finalizing and implementing critical guidance for hydrogen tax credits that will help direct investment in this growing industry towards truly clean hydrogen. Taken as a whole, this updated guidance provides the needed certainty for clean hydrogen to scale up and provide pollution free energy in some of our most difficult to decarbonize sectors.”

Last year, Evergreen released How IRS Could Make or Break Clean Energy, detailing why requiring the “three pillars” of additionality, deliverability, and hourly time matching is essential for ensuring that the burgeoning hydrogen industry doesn’t undercut our pollution reduction goals.