The US hydrogen industry is facing uncertainties revolving around federal production tax credits (PTC). President Joe Biden's announcement of billions of dollars in funding and tax credits for hydrogen projects within the 2022 Inflation Reduction Act spurred a wave of project announcements in the US. However, the industry's optimism waned when the US Treasury proposed rules that some perceive as too strict, potentially making projects, particularly those using natural gas, financially unviable. The implementation of the 45V credit remains a major concern, with industry experts highlighting the need for clarity and favorable conditions to attract investors. Despite the challenges, there is still hope for the US to lead in hydrogen production. Industry leaders such as Tomeka McLeod of BP emphasize the importance of correctly applying the 45V credit to make projects competitive globally. Discussions are ongoing regarding rules governing the use of renewable and certified natural gas in hydrogen production, with the aim of ensuring economic feasibility and competitiveness within the industry. Companies like BP and Plug Power are actively involved in advancing hydrogen projects and advocating for a supportive regulatory environment. BP, part of the Midwest Alliance for Clean Hydrogen (MachH2), has secured substantial funding and plans to produce hydrogen from natural gas with carbon capture, showcasing a commitment to sustainable practices. However, the industry is eager for further guidance and clarity from the Biden administration before the year ends to address lingering concerns and facilitate project development. As the industry navigates regulatory uncertainties, there is a consensus among industry leaders that aligning with the administration's goals, highlighting hydrogen's contributions to national security, job creation, and emphasizing the economic viability of projects are essential for long-term success. Companies like Keystate Energy are focusing on clean hydrogen production in Pennsylvania, emphasizing the importance of aligning business strategies with governmental objectives to thrive in the evolving energy landscape.