The US Treasury Department recently released final rules for tax credits related to the production of 'clean' hydrogen, a critical development that could influence the hydrogen industry's trajectory in the coming years. These rules under the 2022 Inflation Reduction Act, specifically identified as 45V in the tax code, have been eagerly awaited by developers in the hydrogen sector. The guidance is essential in determining which projects will qualify for significant incentives, as there had been notable disagreements between environmentalists and industry stakeholders on the definition and promotion of clean hydrogen. This initiative is particularly significant as clean hydrogen is a key component of President Joe Biden's climate agenda. The statement from John Podesta, a prominent climate adviser to President Biden, highlights the importance of the finalized rules in offering clarity to hydrogen producers and ensuring the progression of their projects. The uncertainty surrounding which power sources would be considered appropriate for low-carbon hydrogen has now been addressed. It is noted that the majority of hydrogen production currently relies on natural gas, underscoring the necessity of transitioning towards cleaner production methods. The Treasury Department's move is expected to unlock opportunities for the United States to assert its leadership in the global production of green hydrogen. This development not only provides a regulatory framework but also signals a positive step towards reducing emissions and advancing sustainable energy practices in the country.