Rule impatience.

Hydrogen industry stakeholders are frustrated at how long it is taking the US Treasury to finalize rules for the production tax credit, 45V, included in the Inflation Reduction Act, E&E News reports.

Adjudication of the hydrogen tax credit is complicated because it's also a referendum on electricity accounting. I expect rising demand for electricity is a complicating factor in that calculus.

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Cat Clifford

Senior Science and Economics Correspondent