The US Department of the Treasury and the IRS have released final regulations to implement the tax credit for the production of 'qualified clean hydrogen' under Section 45V of the Internal Revenue Code of 1986. The Regulations aim to drive new markets by providing price support for alternative fuel production. This tax credit, known as the Clean Hydrogen Credit, has the potential to advance market lift-off in green and blue hydrogen production by supporting project sponsors and mobilizing private capital at a lower cost. The credit values can go up to $3.00 per kilogram of hydrogen and will be available for a 10-year period, with options for transferability and direct pay for five years. The Regulations emphasize quantifying lifecycle greenhouse gas emissions and prioritize EAC considerations for grid-connected electricity sourcing. The credits are based on the GREET Model developed by the Argonne National Laboratory and consider factors like regional grid profiles and safe harbor calculations. The Regulations also confirm that a single facility cannot claim both the Clean Hydrogen Credit and the Section 45Q carbon oxide sequestration credit. These Regulations are seen as a positive step forward for the industry and are expected to have a significant stabilizing effect for project sponsors, reducing the cost of capital and promoting investment in clean energy projects.