• Past issues
• /
• Biden Team Offers Nuclear Path to Hydrogen Tax Credit
• /
• Biden Team Offers Nuclear Path to Hydrogen Tax Credit

Description

Other articles in the issue

• 45V Offers a Pathway for Green Hydrogen to Cut Climate Pollution; But Blue Hydrogen Risks Still Need to Be Addressed

  Today, the Department of Treasury finalized guidance for the 45V Tax Credit for Clean Hydrogen, offering up to $3.00/kg for 10 years. Proper implementation could catalyze private investment, but risks remain that incentives may benefit fossil-based projects with no real climate impact. Clean hydrogen can decarbonize hard-to-abate sectors but must avoid accounting tricks and ensure transparent reporting.

• Breakthrough in Carbon Capture Technology: YOUWAN's Revolutionary Solution Garners Global Recognition

  The "YOUWAN Method" advanced to the global top 100 in the 2024 XPRIZE Carbon Removal competition. This technology, developed by YOUWAN Concentrate Consultants, converts CO₂ into stable solids like calcium carbonate for reuse. It aims to improve carbon capture efficiency and promote a green circular economy. Slone Wang and other XPRIZE winners celebrated the achievement at the New York Stock Exchange.

• CNX Issues Statement on Section 45V Hydrogen Production Tax Credit Implementation Guidance

  CNX Resources acknowledged the Treasury's recognition of waste coal mine methane (CMM) as a hydrogen feedstock under the 45V Tax Credit. While this validates CMM's environmental and economic value, CNX finds the credit's rules too restrictive to incentivize expanding its CMM hydrogen operations. The company plans to explore other incentive pathways.

• US Biofuel Producers Ramped Up in Oct as Profitability Improved, Data Shows

  U.S. renewable diesel and biodiesel producers increased operations in October, with utilization rates reaching multi-month highs due to improved margins. Renewable diesel capacity rose 19% year-over-year, while biodiesel capacity declined 4.2%. Higher production remains reliant on government incentives like tax credits to offset costs.

• BIRD Energy to Invest $7.5 Million in Cooperative Israel-U.S. Clean Energy Projects

  The U.S. Department of Energy (DOE), Israel's Ministry of Energy and Infrastructure (MoE), and the Israel Innovation Authority held an Executive Committee meeting on December 9, 2024, resulting in the selection of five clean energy projects that were approved to receive $7.5 million under the Binational Industrial Research and Development (BIRD) Energy program. The selected projects address energy efficiency, hydrogen energy, recycling, and storage.

• Hydrogen Market Trends in 2025: A Closer Look at Key Developments

  The hydrogen and low-carbon ammonia sectors are gearing up for a transformative year in 2025. Wood Mackenzie, a leading provider of data and analytics, recently released its report, “The Hydrogen: 5 Things to Look for in 2025,” outlining critical trends to watch. From a surge in U.S. blue hydrogen investments to breakthroughs in giga-scale green projects, these developments could shape the future of sustainable energy.

• Hi-View Resources Acquires Mineral Claim Applications Package in Ville Marie, Quebec, In Proximity to Recent Hydrogen Discovery

  Hi-View Resources has acquired 100% interest in two mineral claim packages near Quebec Innovative Materials Corp.'s recent hydrogen discovery. The claims are located in the Timiscaming Graben formation, 15 km north of Ville Marie, Quebec. This strategic acquisition positions Hi-View to explore clean energy hydrogen potential in a promising area with strong infrastructure.

• Hydrogen Stocks, Including Plug Power (PLUG), FuelCell (FCEL), Advance After Tax Credit Criteria Eased

  Bloom Energy (BE), Plug Power (PLUG), FuelCell Energy (FCEL), and Nikola (NKLA) are among the hydrogen stocks rallying today. They are surging after the Biden administration unveiled rules that will make it significantly easier for companies to obtain tax credits for producing green hydrogen in the next several years.