The US Department of the Treasury and IRS have released final rules for the section 45V Clean Hydrogen Production Tax Credit, established by the Inflation Reduction Act. The rules aim to address key issues to facilitate industry growth and project advancement in the clean hydrogen sector. Producers of hydrogen, utilizing electricity from diverse sources like renewables and natural gas with carbon capture, can now determine eligibility for the tax credit. Projects must adhere to prevailing wage and apprenticeship standards, aligning with the Biden-Harris Administration's focus on creating good-paying clean energy jobs. The rules, developed after consideration of public feedback and collaboration between government agencies and industry experts, provide certainty for clean hydrogen production through electricity and methane, meeting the law's emissions standards. The value of the tax credit is based on the lifecycle greenhouse gas emissions of hydrogen production, with tiers based on emissions levels. The rules aim to accelerate the deployment of clean hydrogen across various sectors, promoting economic opportunities nationwide. Additionally, safeguards have been put in place to ensure electricity consumption for hydrogen aligns with emissions standards, with requirements for incremental electricity generation and hour-by-hour matching in the future. Industry stakeholders have welcomed the final rules for providing clarity and certainty, signaling a positive step forward for the clean hydrogen industry's growth and development.