On April 30, 2024, the Department of the Treasury issued final regulations on tax credit transfers that allow hydrogen producers to sell tax credits earned under ยง 45V of the Inflation Reduction Act (IRA). Section 6418 of the...more
Hydrogen can play a vital role in the transition to a carbon-neutral economy, and momentum for it has never been stronger. Both governments and companies see the enormous potential of low-carbon hydrogen for storing energy,...more
President Biden signed into law the Inflation Reduction Act (the Act) on August 16, 2022, which, among other things, uses the tax code to slow the effects of climate change by significantly investing in clean energy and...more