The US could lose its leading position as a pole for hydrogen investment if it introduces additionality clauses
No to additionality for US tax credits – FCHEA
Trade association warns additionality requirements will push costs of green hydrogen up and disincentivise investment in the US
More than 50 companies and trade associations have signed an open letter written by the Fuel Cell and Hydrogen Association (FCHEA) to the US Treasury arguing against additionality requirements for green hydrogen projects to qualify for tax credits. The Treasury is mulling the inclusion of additionality and temporal correlation with renewable electricity generation in its guidance for the clean hydrogen production tax credit. The FCHEA argues lifecycle emission calculations should use market-based mechanisms such as renewable energy credits, power-purchase agreements (PPAs), or energy attribute certificates (EACs) without any requirements for projects to be connected to new, purpose-built ren
Also in this section
19 December 2024
More must be done to lower the cost of green hydrogen and its derivatives
18 December 2024
Central Asian country’s vast wind and solar resources have attracted a $50b electrolytic hydrogen mega-project aimed at exporting to Europe
17 December 2024
Sultanate prepares to offer international hydrogen project developers more land concessions but refines auction design as global industry sentiment cools
17 December 2024
Siemens Energy and Air Liquide collaborate on first commercial-scale electrolyser to be deployed at an industrial site in Europe
