Ari Phillips
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January 25, 2024
Biden Administration proposes climate guidelines for billions going into hydrogen power
In an effort to nudge the growing hydrogen industry in a climate-friendly direction, the U.S. Treasury Department recently released proposed rules for clean hydrogen subsidies included in the Inflation Reduction Act. The guidelines, which cover the distribution of tens of billions of dollars of tax credits, surprised many with their commitment to hydrogen produced with clean energy, not fossil fuels. So far, only two of seven hydrogen “hubs” approved by the administration use only renewable energy, with a majority using natural gas.