Letter on hydrogen: 45V on the brink?
Defining moment for US hydrogen sector as House Republicans seek termination of green tax credits
The outlook for clean hydrogen in the US is looking more blue by the day. Provisions put forward in mid-May by US House Republicans, ahead of the country’s budget reconciliation, called for the “termination” of the 45V tax credit by bringing forward its expiry to the end of 2025, from 2033. By contrast, the tax credits for carbon sequestration would be left largely intact, except for a tightening of the rules around credit transferability and access for certain prohibited foreign entities. $3/t – Maximum 45V credit This stance on 45V, which has Republican opponents, is bewildering for developers with green projects that are relatively well advanced. Without the tax credits, most gree
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
