A variety of hydrogen energy boosters — including tied to oil and gas — urged lawmakers Tuesday to protect a lucrative tax credit in the Democrats’ 2022 Inflation Reduction Act.
More than 110 trade groups and companies — ranging from the American Petroleum Institute to the American Council on Renewable Energy — sent a letter pressing top Republicans to not get rid of the IRA’s 45V hydrogen tax credit as part of the upcoming budget reconciliation process.
“Private sector investment is at risk due to the uncertainty around this crucial incentive,” the groups wrote. “There are hundreds of companies and thousands of jobs at stake for this sector and without this tax incentive, many of these deployments, jobs, and opportunities will shift from the United States to countries around the world.”
Republicans have signaled they’re planning to repeal at least some of the clean energy incentives included in Democrats’ 2022 climate law as part of a broader push to cut spending and promote GOP priorities. Committees in both the House and Senate are still figuring out which specific IRA provisions to target.
