
The Inflation Reduction Act (IRA) (Pub. L. 117-169) was signed into law on August 16, 2022. The IRA includes significant tax provisions, as well as nearly US$370 billion in federal funding for clean energy and environmental projects in the form of competitive grants, cooperative agreements, and loan programs. Notably, the IRA provides for a new Hydrogen Production Tax Credit and incentives for hydrogen vehicle production and adoption. The credit builds upon previous investments in clean hydrogen in the Infrastructure Investment and Jobs Act (IIJA), including funding for Hydrogen Hubs.