Hy Stor Energy Champions Strict Hydrogen Standards that Prioritize Decarbonization and Climate
JACKSON, Miss. and GULFPORT, Miss. and DUBAI, United Arab Emirates, Dec. 12, 2023 (GLOBE NEWSWIRE) -- COP28 -- Hy Stor Energy, a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, today reconfirmed its unwavering support for stringent, climate-aligned standards for “Clean Hydrogen” in the United States. The U.S. Treasury is expected to announce crucial guidance soon that will govern qualification for the Internal Revenue Code Section 45V production tax credit for hydrogen meeting specific standards. As a leader in carbon-free hydrogen production and storage, Hy Stor Energy supports the inclusion in the Treasury’s upcoming Section 45V guidance of the requirement that “clean” hydrogen eligible for the maximum tax credit be produced with electric energy satisfying the “three pillars” of additionality, regionality and time matching. Hy Stor Energy is aligned with industry collaborators and commercial partners, industrial end-users, and off-takers who have required the three-pillar approach in their pursuit of long-term off-take agreements for clean hydrogen.
- With the U.S. Treasury’s guidelines on the definition of clean hydrogen looming, Hy Stor Energy, along with industry leaders and customers, supports climate-aligned standards that account for additionality, regionality and time matching
JACKSON, Miss. - and DUBAI, United Arab Emirates, Dec. 12, 2023 (GLOBE NEWSWIRE) -- COP28 -- Hy Stor Energy , a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, today reconfirmed its unwavering support for stringent, climate-aligned standards for “Clean Hydrogen” in the United States.
- As a leader in carbon-free hydrogen production and storage, Hy Stor Energy supports the inclusion in the Treasury’s upcoming Section 45V guidance of the requirement that “clean” hydrogen eligible for the maximum tax credit be produced with electric energy satisfying the “three pillars” of additionality, regionality and time matching.
- Hy Stor Energy is aligned with industry collaborators and commercial partners, industrial end-users, and off-takers who have required the three-pillar approach in their pursuit of long-term off-take agreements for clean hydrogen.