The U.S. Energy Dept. released its final strategy and roadmap in mid june to reach production of 50 million tons of clean hydrogen by 2050—an effort modified from last year’s draft plan by comments from industry respondents and other stakeholders—that is intended to accelerate production, processing, delivery, storage and use of the product.
But to launch a robust hydrogen market, the U.S. Treasury Dept. has yet to
decide exactly how companies qualify for uncapped project tax incentives outlined in
last year’s Inflation Reduction Act that could reach more than $100
billion but will take into account methane emissions in producing blue hydrogen from natural gas.