Shares of Plug Power are rallying sharply Monday afternoon. The US Senate has extended a crucial clean energy tax credit.

The credit, which will be available for 10 years for projects started before 2033, goes as high as $3 per kilogram of hydrogen for projects with a lifecycle emissions rate less than 0.45 kilograms ...

Under the 45V credits, hydrogen project developers that release the lowest levels of greenhouse gas emissions can claim the highest deductions: for clean hydrogen—up to $3/kg.

The wait ended today, with the Treasury announcing final rules for hydrogen producers to qualify for tax credits under the section 45V of the Inflation Reduction Act. “We’re grateful to have a ...

The hydrogen tax credit was meant to bridge that gap and jump-start a new industry, by providing up to $3 for every kilogram of “clean” hydrogen that companies produce over the course of a decade.

The Inflation Reduction Act of 2022 included a first-of-its-kind hydrogen tax credit, including $3 per kilogram for green hydrogen projects.

(The Center Square) — Louisiana has long been an energy powerhouse, and its existing hydrogen infrastructure puts it in a prime position to lead in the emerging clean hydrogen economy. With ...

(The Center Square) − President Trump's "One Big Beautiful Bill Act" would terminate the Section 45V tax credit for clean hydrogen production beginning in 2026, potentially reshaping the ...

Eligible plant owners can take either the production tax credit or the investment tax credit for hydrogen produced after Dec. 31, 2022 and for new projects begun by Jan. 1, 2033.

The smallest qualified tax credit, $0.60 per kg of hydrogen produced, would be available to projects with an intensity of less than 4 kg CO2e/kg H2.

Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. The wait ended today, with the Treasury announcing final rules for ...