Full Title: Investment Tax Credits for Hydrogen Storage
Author(s): Jay Bartlett and Alan Krupnick
Publisher(s): Resources for the Future
Publication Date: February 27, 2020
Full Text: Download Resource
Description (excerpt):
Hydrogen in the Energy Storage Tax Incentive and Deployment Act of 2019
The Energy Storage Tax Incentive and Deployment Act of 2019, introduced by Representative Mike Doyle as H.R. 2096 and by Senator Martin Heinrich as S. 1142, would have extended the 30 percent energy investment tax credit to energy storage technologies, “equipment which receives, stores, and delivers energy.” With hydrogen among the technologies specified, the act would have had the potential to (1) motivate the utilization of hydrogen to store and deliver power and (2) reduce carbon dioxide (CO2) emissions from hydrogen production. This tax credit was not included in the 2020 non-defense appropriations package. However, to inform future versions of this legislation, we have prepared this issue brief to describe hydrogen’s role in energy storage, production methods and costs, and infrastructure.