US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit
The US House of Representatives has passed the President Trump-backed tax and spending bill that plans to terminate the 45V clean hydrogen production tax credit. Trump’s “One Big, Beautiful Bill” passed with a vote of 215–214 on party lines and will now head to the US Senate for further debates. Centred on tax and spending cuts, the bill includes a motion to end the Section 45V hydrogen production tax credit from the Biden-era Inflation Reduction Act, which had been credited with catalysing the US hydrogen sector. Under the bill, hydrogen projects that enter construction after 31 December 2025 will not be able to claim 45V, effectively gutting its long-term, widespread value. Today projects are eligible to access up to $3/kg of hydrogen produced until 2033. Many hydrogen industry proponents had hoped that Republicans representing districts… Read More »US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit