The US government relaxed some of the strictest criteria for hydrogen producers seeking billions of dollars in tax credits, giving Australian green fuel hopefuls a reprieve after a torrid 2024 curbed their ambitions.
The administration of outgoing US president Joe Biden on Friday (Saturday AEDT) finalised the Congress-approved 45V provisions aimed at reducing the cost for companies to make clean hydrogen. The US hydrogen scheme endured a complex and long-winded review that concluded with the easing of stringent rules on how producers source their energy.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
