The U.S. Department of Treasury has published new final guidance for the hydrogen production tax credit, marking a significant step towards promoting the growth of the hydrogen industry in the United States. In response to this development, Jay Timmons, the President and CEO of the National Association of Manufacturers (NAM), highlighted the importance of embracing diverse energy sources, including hydrogen, American natural gas, and nuclear energy. He stressed the need for a robust build-out of hydrogen production facilities to offer additional sources of reliable energy for various sectors. NAM has been a consistent advocate for policies that enhance the competitiveness of hydrogen, especially by allowing flexibility in the credit based on project-specific emissions data rather than general averages. Timmons expressed appreciation for the Biden administration's guidance, recognizing it as a positive step forward. However, he also mentioned the challenges that need to be addressed to ensure that hydrogen can effectively compete on a global scale. The statement underscored the potential benefits of a flourishing hydrogen industry, not only in terms of energy production but also in supporting American natural gas and nuclear power sectors. Timmons highlighted the opportunity presented by the current administration to leverage tax cuts, regulatory reforms, and permitting improvements to bolster American energy leadership and security. The NAM represents a significant voice in the manufacturing sector, advocating for policies that enable manufacturers to thrive in the global market and stimulate job creation. By supporting hydrogen as a strategic energy source and emphasizing the need for targeted incentives, NAM aims to drive economic growth and innovation in the United States.