Buy Individual ReportFull Report Download for Subscribers
The long-delayed rules around the federal government’s Hydrogen Production Tax Credit (PTC), also known as 45V, had been the subject of heated debate — and lobbying — since passage of the Inflation Reduction Act (IRA) way back in August 2022. But after more than a year of speculation — and with the Biden administration in its last days — the final rulemaking has been published.
Our new report details the key changes that were made in the final rulemaking, including to the so-called “three pillars” of clean hydrogen production, but also includes four sections that analyze the nascent low-carbon-intensity (LCI) hydrogen industry, from existing infrastructure and production costs to expansion possibilities and recommendations for future development.
Key takeaways from the report include:
- U.S. clean hydrogen demand expected to rise sharply by 2050
- Expanded hydrogen use would help meet emissions goals — but at a cost
- Clean hydrogen market likely to evolve in three phases over next 25 years
- NPC study includes recommendations on policy, regulations, technology
- Final rulemaking for 45V tax credit includes key concessions to industry
“Rules of the Road” is included in RBN Energy’s 2025 Drill Down report series, a suite of reports covering many of the key issues expected to impact the markets for crude oil, natural gas and natural gas liquids. Drill Down reports are part of RBN Backstage Pass™ premium resources that also include Blog Archive Access, Spotcheck Indicators, Market Fundamentals Webcasts, Get-Togethers and more. By subscribing to RBN’s Backstage Pass™ Premium Services, you plug into our network and get direct access to our premium resources.
