Hydrogen tax credit plan unveiled as Biden administration tries to jump start industry

WASHINGTON (AP) — The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power.

The U.S. credit is the most generous in the world for hydrogen production, Jesse Jenkins, a professor at Princeton University who has analyzed the U.S. climate law, said last week.

The proposal — which is part of Democrats' Inflation Reduction Act passed last year — outlines a tiered system to determine which hydrogen pro...