On January 3, 2025, the Internal Revenue Service (IRS) released final regulations under I.R.C. §45V and §48 to implement the credit for the production of clean hydrogen as part of the energy credit provisions outlined in the Inflation Reduction Act of 2022. These regulations set guidelines for various key aspects related to clean hydrogen production. The rules include determining lifecycle greenhouse gas emissions rates resulting from hydrogen production processes, allowing facilities to petition for provisional emissions rates, verifying the production and sale or use of clean hydrogen, modifying or retrofitting existing qualified clean hydrogen production facilities, using electricity from certain renewable or zero-emissions sources to produce qualified clean hydrogen, and electing to treat part of specified production as clean hydrogen. The focus is on promoting the adoption and utilization of clean hydrogen while ensuring that the processes adhere to specified environmental standards. These regulations aim to incentivize the industry to transition towards cleaner energy sources and reduce overall carbon emissions.