Biden's hydrogen tax credit unveiled as administration tries to jump start industry
The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power.
The U.S. credit is the most generous in the world for hydrogen production, Jesse Jenkins, a professor at Princeton University who has analyzed the U.S. climate law, said last week.
The proposal — which is part of Democrats’ Inflation Reduction Act passed last year — outlines a tiered system
