HEC Hydrogen Session 13
The 45V Hydrogen Production Tax Credit:
Implications for Developers, Suppliers and Investors
Friday, February 2, 2024, 12:00 - 1:30 PM, EST
Join us Friday, February 2, 2024 at 12:00 Noon Eastern Standard Time for our thirteenth Hydrogen Session: 45V Hydrogen Production Tax Credit.
This online session is free and open to HEC members and guests. The link for Zoom registration is here.
The proposed 45 regulations provide the process and mechanisms for implementing the hydrogen production tax credit proposed by congressional legislation in the 2022 Inflation Reduction Act. The regulations make a concerted effort to produce clean hydrogen based on lifecycle emissions including “well-to-gate” emissions for fossil feedstocks and the three pillars approach for electrolytic hydrogen.
A GREET model was developed specifically for calculating emissions for six pathways including SMR, low temperature electrolysis, high temperature electrolysis, coal gasification, biomass gasification and autothermal reforming. The three pillars set specific criteria including incrementality, temporal matching and deliverability.
The regulations also include a mechanism to receive a provisional emissions rate for pathways not included in GREET, require third party verifications, and the use of energy attribute certificates. Throughout the proposed regulations the IRS is also requesting comments.
The final version of the proposed regulations will have a significant impact on designs and economics of hydrogen production projects, depending on a multiplicity of factors. This webinar will provide a review of the most impactful elements of the proposed regulations, identify areas which need significant input, as well as reviewing the implications on specific types of hydrogen production pathways.
Speakers
Aaron Lang
Partner, Foley Hoag
Aaron is a Partner in Foley Hoag’s Energy and Climate group, focused on assisting clients securing permits, licenses, and other approvals needed to build utility-scale offshore wind facilities, battery energy storage systems, and other large-scale facilities. A core area of Aaron’s practice is advising on clean energy incentives under federal and state decarbonization programs, such as the Inflation Reduction Act, Bipartisan Infrastructure Law, and the Renewable Fuel Standard and state equivalents, among others. Aaron’s experience extends to multiple technologies, including biomass-based fuels and eFuels, sustainable aviation fuels, clean hydrogen, carbon capture, and others.
Jeff St. John
Director of News and Special Projects, Canary Media
Jeff is director of news and special projects at Canary Media. He covers the intersection of technological, economic and regulatory issues influencing the global transition to low-carbon energy in the electricity, transportation and building sectors. He is the former managing editor and senior grid edge editor of Greentech Media, and he previously reported for The Fresno Bee, the Tri-City Herald and the Anchorage Daily News. He lives in Oakland, California with his wife Tara Donoghue and his dog Lily, and enjoys hiking, gardening and playing guitar with his nieces and nephews. His areas of expertise include renewable energy, smart grid, distributed energy resources, energy storage, demand response and electric vehicles. He earned a master’s degree from the UC Berkeley Graduate School of Journalism in 2001.
Brad Bradshaw
President, Velerity LLC
President, Hydrogen Energy Center
Brad leads Velerity, providing clients winning strategies associated with designing, engineering, investing in, and building and operating clean energy projects and solutions. Brad also leads the Hydrogen Energy Center which provides members information and insights on a range of hydrogen topics. Brad has twenty years of expertise in hydrogen with recent projects covering hydrogen production, distribution and use, as well as the production and use of hydrogen derivatives and clean fuels including ammonia, methanol, methane, and Sustainable Aviation Fuel. Brad has MBA from Babson College, and an engineering degree from Dartmouth College.