This afternoon the House passed the amended reconciliation legislation, the One Big Beautiful Bill Act (OBBBA). This text is the exact same version which passed the Senate on Tuesday. The OBBBA maintains the adjusted 45V commence construction date of January 1, 2028, a significant win for our sector. The bill now is heading to the President’s desk for signature which will be conducted at a signing ceremony set for tomorrow afternoon.

We again want to thank all of you for your collective efforts to emphasize the merits of this credit and the opportunities that a scaled up hydrogen sector will bring to the United States.  This new 2028 date provides much needed certainty for our industry to initiate and execute on a new generation of hydrogen production facilities.

With this fix now a signature away from being enacted into law, it is critical to thank all of our Senate champions for getting this over the goal line. We ask that if you have not yet done so, please send a thank you message to our Senate 45V champions and their staff – Senators Capito, Cassidy, Justice, Kennedy, McCormick, Cornyn, Murkowski, and Sullivan. Please feel free to use the attached image provided by Citizens for Responsible Energy Solutions (CRES) for any updates on social media as well!

In addition to the critical fix for the hydrogen PTC, the OBBBA also maintains the significant hydrogen storage tax credit (covering underground hydrogen storage facilities, hydrogen compression and liquefaction equipment, and limited hydrogen pipelines) within the Section 48E Clean Electricity Investment Tax Credit (ITC). The OBBBA also adds fuel cells as eligible for the Section 48E ITC, without greenhouse gas limit or labor requirements. This means that all fuel cells qualify regardless of technology or fuel type for the full 30% credit, another major win for our sector.

There are a wide range of other updates to the clean energy incentive package in the OBBBA. We have generated the attached primer to provide an overview of all of these changes across the energy landscape. Please feel free to use as a reference in any of your internal or external communications.

We want to thank you all again for your hard work. This was truly a united effort of our industry working together and demonstrates the value of speaking with one voice with policymakers and legislators. There is still much work still to do ahead on the policy front.  If you or any of your colleagues are interested in learning more about the wide range of activities underway at FCHEA and opportunities ahead, please reach out at any time.