ACP CEO Responds to U.S. Treasury’s Final Guidance on Clean Hydrogen Tax Credits

Jason Grumet, Chief Executive Officer of the American Clean Power Association (ACP), issued the following statement today in response to the U.S. Treasury Department’s release of its final guidance on tax credits for clean hydrogen projects:

“This is a disappointing conclusion to an unnecessarily belabored process. The overly rigid regulations are at odds with the innovation needed in this nascent sector and will prevent the U.S. from realizing global leadership in clean hydrogen production, as Congress intended. ACP and others have voiced the need for additional flexibility throughout this process and proposed changes that would launch this game-changing industry. Unfortunately, today’s final guidance falls far short and unnecessarily stringent requirements, such as burdensome time-matching standards, will remain a significant deterrent for developers and investors alike. This is a missed opportunity.”