Topsoe Statement on the New 45V Clean Hydrogen Tax Credit Guidance

In response to today's release of the final 45V clean hydrogen production tax credit guidance, Topsoe's Power-to-X CEO Kim Hedegaard has issued the following response:

"The issuance of the final guidance for the 45V tax credit for clean hydrogen production is a critical milestone in growing the clean hydrogen economy in the U.S. 

With this added clarity, many projects that have been delayed may move forward, which can help unlock billions of dollars in investments across the country. These projects will help boost job creation, spur local economic development, and promote energy security. 

Supportive policies like 45V are an important tool for industry to drive innovation to build breakthrough projects and position the U.S. as a leader in new energy technologies.

We look forward to engaging with the new Congress and Administration on how federal tax and energy policies can best support the advancement of hydrogen development in the United States."

Topsoe | https://www.topsoe.com/