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Senate Legislation Would Create ITC, PTC for Cleaner Production of Hydrogen Energy

Thursday, May 27, 2021 - 10:15AM

Sen. Tom Carper, D-Delaware, introduced legislation to create tax credits to encourage the development of clean hydrogen energy. The Clean H2 Production Act would create an investment tax credit (ITC) and production tax credit (PTC) for production of hydrogen that uses methods that are at least 50% cleaner than traditional hydrogen production methods.

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