US Treasury, IRS Unveil Clean Hydrogen Tax Credit

An artist's conception shows a hydrogen production plant that uses sunlight to produce clean hydrogen fuel. The U.S. government announced on Dec. 22, 2023, an incentive program for clean methods of producing hydrogen. (Image courtesy University of Colorado Boulder)

The U.S. Treasury Department and the Internal Revenue Service introduced a plan Friday to incentivize — using tax credits — the use and development of clean methods for producing hydrogen.