Review of the $750 Million Bipartisan Infrastructure Law Investments, Incentives, Credits, and Strategies

Synopsis

In March 2024, the Department of Energy (DOE) announced a $750 million investment under the Bipartisan Infrastructure Law (BIL) to support 52 projects across 24 states, aimed at reducing clean hydrogen costs. Preliminary to the BIL, the Inflation Reduction Act (signed in August 2022) introduced a production tax credit with a $3/kg maximum based on carbon intensity. The 45V Credit for clean hydrogen production will reduce capital costs over the next 10 years. How does the DOE’s investment catalyze sustained private investment, and what prime opportunities should equipment manufacturers and hydrogen producers seize?

• How targeted funding initiatives will directly contribute to reducing the cost of clean hydrogen production.
• Advancements in electrolysis technologies facilitated by investment, driving efficiency and scalability.
• Improvements in manufacturing processes and recycling capabilities to enhance the overall efficiency and sustainability of clean hydrogen systems.
• The potential for collaboration and knowledge-sharing among the funded projects?
• How can hydrogen producers design their systems to achieve the highest tier of the 45V credit?
• How can Hydrogen projects develop their systems to be more attractive to investors?
• What are some other gov programs and policies that can help scale the green hydrogen industry, and what’s next?