(2) energy must be generated in the same region as the hydrogen plant (see map below) and tracked on an hour-by-hour basis and John of Canary Media notes the 'three key requirements hydrogen producers must comply with to receive the most lucrative tax credits': (3) Solar and wind in the Southeast, Northeast and Northwest along with nuclear. (2) Southwest solar resources in AZ, CA, NM, NV, and TX and
(1) Midwest wind resources in Southwest Power Pool, Midcontinent Independent System Operator (MISO), Texas and the Rocky Mountains With $137B expected to flow to green hydrogen projects under the IRA's hydrogen tax credit over the next 10 years, the lowest levelized cost of hydrogen production ($0.30/kg H₂) will depend upon the geographic location of certain types of renewable energy: In places with the highest-quality wind and solar resources, tax credits could cover about 90 percent of the production costs of green hydrogen.in the regions with the least favorable clean-energy resources, tax credits could cover half of those costs.' highlighted research by EPRI modeling the impacts of the 45V tax credit noting how 'regions that can rapidly build new wind and solar power will fare much better than regions that can’t. New hydrogen production in search of high-quality off-grid wind and solar resources/next-gen advanced nuclear!Ĭanary Media Inc.
