The Treasury Department is set to finalize the rules governing the clean hydrogen tax credit, as part of President Biden's climate package, before the end of the year. This decision will not only impact the hydrogen industry but also other sectors like electric utilities and battery manufacturers waiting for guidance on incentives. The final guidance for the hydrogen tax credit under section 45V of the tax code will address issues like indirect carbon emissions from drawing power from the grid. With over 30,000 comments received, the Treasury aims to strike a balance between environmental considerations and industry growth. Deputy Secretary Wally Adeyemo highlighted the importance of providing strong incentives to drive industry development while monitoring indirect emissions. The completion of these rules could pave the way for the acceleration of multimillion dollar clean hydrogen projects in the United States, shaping the future of the industry and contributing to the country's clean energy transition.