Department of Energy Opens Emissions Value Request Process for Clean Hydrogen Production
Published by Todd Bush on September 30, 2024
Today, the U.S. Department of Energy (DOE) opened its Emissions Value Request Process in support of the U.S. Department of the Treasury’s (Treasury) implementation of the Clean Hydrogen Production Tax Credit (45V) enacted by the Inflation Reduction Act (IRA). The process opening today is for taxpayers whose hydrogen production technology and/or feedstock is not included in the most recent version of the 45VH2-GREET model. These taxpayers can use the Emissions Value Request Process to request an emissions value from DOE, which is necessary to petition the Internal Revenue Service (IRS) for a determination of a provisional emissions rate (PER).
>> In Other News: OCED Announces Notice of Intent to Fund $1.3 Billion for Transformational Emissions Reducing Technologies to Support Our Clean Energy Future
This Process was introduced in Treasury’s December 2023 Notice of Proposed Rulemaking for the 45V tax credit. Treasury then issued a supplemental notice of proposed rulemaking in April 2024 to invite comment on the information collection proposed for the Emissions Value Request Process. DOE and Treasury have considered the comments received by stakeholders, and DOE has now specified procedures and requirements to access the process and is accepting applications.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Ontario Nickel Project Could Add $70 Billion
Inside This Issue 🍁 Canada Nickel Secures Federal Approval for Crawford Nickel Project 🏛️ Whitehouse, Coons, Peters, and Tonko Reintroduce Carbon Dioxide Removal Bill 🌲 Plumas County's Top Biomass...
-
Frontier’s 750,000 Credits Won’t Wait For Pipelines
Inside This Issue 🌽 Frontier Infrastructure Holdings & Carbonfuture Announce Largest Ethanol BECCS Carbon Removal Partnership Agreement to Date ♻️ Puro.earth Certifies World's First Biogas BEC...
-
Could MAX Power Have Found Commercial Hydrogen?
Inside This Issue ⛏️ First Well of Lawson Commercial Validation Drill Program (Still in Progress) Encounters Continuous Natural Hydrogen Readings Over 831 Meters and Highest Readings to Date in Ma...
Company Announcements
-
GeoComputing’s RiVA Platform Selected by Koloma to Accelerate Hydrogen Exploration and Analysis
High-performance computing solution tailored for energy exploration workflows to facilitate the identification, access and production of clean and cost-effective energy HOUSTON--(BUSINESS WIRE)--G...
-
Canada Nickel Secures Federal Approval for Crawford Nickel Project
Highlights: The Minister of Environment, Climate Change and Nature has issued a positive Decision Statement for the Company's Crawford Nickel Project Crawford Nickel Project is the first mini...
-
TORONTO--(BUSINESS WIRE)--GH Power Inc. (“GH Power”), a Canadian clean energy and critical materials technology company, today confirmed that the Government of Canada has selected TKMS, one of the ...
-
Financing supports the launch of PIVOT™, Lydian's modular, standardized platform designed to cut synthetic aviation fuel costs while reducing lifecycle emissions by up to 95% BOSTON, July 30, 2026...