ARCH2 Hydrogen Hub Won’t Happen Without IRS 45V Tax Credit | Marcellus Drilling News | CPT PPP Coverage
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ARCH2 Hydrogen Hub Won’t Happen Without IRS 45V Tax Credit | Marcellus Drilling News appeared on marcellusdrilling.com by Marcellus Drilling News | Helping People & Businesses Profit from Marcellus & Utica Shale Drilling.
With all of the good news about WV (and OH, and PA) winning the Biden Hydrogen Hub Hunger Games contest by scoring $925 million for the WV-led Appalachian Regional Clean Hydrogen Hub (ARCH2) (see today’s lead story), there is a potential black cloud on the horizon. Investments in ARCH2 might not actually come to pass unless the IRS resolves the 45V hydrogen tax credit. Yes, an obscure rule part of the so-called Inflation Reduction Act (IRA) has the potential to scuttle most of the planned investments in ARCH2 and other hydrogen hub projects.
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This article originally appeared on marcellusdrilling.com by Marcellus Drilling News | Helping People & Businesses Profit from Marcellus & Utica Shale Drilling – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
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