US tax credit bill includes hydrogen

Energy Sector Innovation Credit would offer tax credits for solar, wind, hydrogen, energy storage, CCS and nuclear

An energy tax credit proposal has been introduced in both the US House of Representatives and the Senate aimed at encouraging technology innovation and helping rapidly scale and diversify new technologies, including hydrogen.  The bipartisan Energy Sector Innovation Credit (ESIC) Act would offer tax credits for solar, wind, hydrogen, energy storage, carbon capture and storage and nuclear, ramping down the credits as each technology’s market penetration edges up. New technologies would become eligible as they emerge. “If we are to meet long-term emissions targets without sacrificing affordable electricity, we need to invest in on-the-horizon technologies that can accomplish our environmental