The U.S. hydrogen industry is eagerly awaiting guidance from the Biden administration regarding tax credits to propel its growth. Industry leaders, including representatives from major companies like BP and Electric Hydrogen, voiced their concerns at an industry conference in Washington. The urgency for finalized tax rules under the Inflation Reduction Act is emphasized to avoid hindering project development. Rushabh Shah from BP highlighted the impact of the slow pace of change on project timelines, particularly in plans to produce hydrogen at an oil refinery in Indiana. Beth Deane from Electric Hydrogen stressed the importance of compromising on the 45V hydrogen tax credit, referring to it as a crucial factor affecting the industry's progress. The industry is optimistic about the potential for growth but is urging swift action from the Treasury Department to unlock the full capabilities of the hydrogen sector.