Article
Description
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.
Other articles in the issue
The Biden administration said on Friday portions of nuclear power plants will be able to secure tax credits to produce clean hydrogen if the credits help to prevent reactors from retiring. The new rules address one of the last and most contentious issues related to the Inflation Reduction Act, a 2022 law intended to fight climate change by subsidizing technologies that curb greenhouse gas emissions.
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 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.
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.
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.
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 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.
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.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.