In the two months since the Treasury Department released long-awaited 45V guidance for the clean hydrogen production credit, industry players have divided over whether the guidelines are helping or hampering the nascent industry.
Matt McMonagle, CEO and founder of green hydrogen developer NovoHydrogen, told Latitude Media that he is happy with the guidance, and had been building flexibility into projects far in advance to avoid any risk.
“We never assumed we were going to run 100% of the time,” McMonagle explained. Extensive optimization modeling showed that producing best-price green hydrogen couldn’t include paying peak or high-demand energy charges, he added: “We are full speed ahead with our projects.”
