The Biden administration recently released final guidelines for production tax credits (PTCs) to encourage the production of clean hydrogen, regardless of the technology used. This move aims to accelerate the development of cleaner energy solutions and reduce the cost of clean hydrogen production. Green hydrogen, produced from renewable energy sources through electrolysis processes, is a key focus of the guidelines. The administration's goal is to decrease the cost of clean hydrogen to $1/kg by 2031, from an estimated $5/kg in 2022. Under the 45V rules, green hydrogen projects sourcing clean power from newly built plants can qualify for a full tax credit of $3.00 per kilogram of hydrogen. This requirement ensures that hydrogen projects support wider decarbonization efforts in the electricity sector. The guidelines also allow for the sourcing of power from nuclear plants or certain existing renewable energy sources to meet the clean power criteria. Despite market uncertainties following previous executive orders, the ruling provides clarity for developers, enabling them to move forward with hydrogen projects. This step is seen as crucial for the advancement of clean energy initiatives and the transition towards more sustainable energy practices.