IRA Supports Hydrogen

August 22, 2022

The Inflation Reduction Act (IRA) adds and expands numerous additional tax credits, including credits for the production of clean hydrogen and/or clean hydrogen facilities. For qualified clean hydrogen production facilities that begin construction prior to January 1, 2033, taxpayers may claim a production tax credit for clean hydrogen produced by such facility during the ten-year period following the facility’s placed-in-service date.

ENGIE is actively involved in almost 100 hydrogen projects of all sizes and stages of maturity, in industry, mobility and infrastructures.