Consumer advocates letter on hydrogen 45V tax credit
By Tyson Slocum
Today Public Citizen and 17 utility consumer advocacy organizations from across the United States detail our concerns regarding the implementation of the 45V hydrogen production tax credits.
The contingent of signatories reflects some of the largest consumer advocate groups in the U.S. as well as local groups across several states selected as hydrogen hubs by the Department of Energy, and where hydrogen development is imminent. Together, we are deeply concerned about the potential negative impacts on electricity consumers from hydrogen development supported by weak hydrogen 45V tax credit guidelines.
There is a serious risk that these tax credits will cause consumer energy prices to spike, unless all electrolytic hydrogen projects are required to meet the three pillars of additionality, hourly matching, and deliverability.
Read the full letter here: Consumer Advocates 45V Letter