(2) Regarding and that no borrowing from the bank could have been allowed lower than section 45V or 45Q of one’s Password, and that your taxpayer can make a keen irrevocable election for area 48(a)(15) apply; and you may

Regarding a designated brush hydrogen production studio you to definitely is designed and reasonably anticipated to establish certified brush hydrogen by way of a procedure that results in good lifecycle GHG emissions rate of:

(3) Where a not related cluster keeps affirmed in how given into the section (e) associated with part you to definitely for example facility supplies hydrogen as a result of something one to causes lifecycle greenhouse energy (GHG) emissions which can be consistent with the hydrogen you to definitely such studio is actually designed and you may likely to develop significantly less than area forty eight(a)(15)(A)(ii) and you will section (c) of the part.

(i) Perhaps not greater than 4 kilograms away from carbon comparable (CO2e) for every kg regarding hydrogen, and not less than 2.5 kilograms from CO2e for each kilogram of hydrogen, the ability payment try 1.2 percent;

(ii) Less than dos.5 kilograms out of CO2e for every single kg off hydrogen, and not lower than step one.5 kilograms out-of CO2e for every kg out-of hydrogen, the power payment are step 1.5 %;

(iii) Lower than step one.5 kilograms of CO2e each kilogram out of hydrogen, and never less than 0.45 kilograms regarding CO2e for every single kg out of hydrogen, the ability payment was 2 percent; and you will

Hydrogen one a business was created and you may reasonably anticipated to generate setting hydrogen delivered due to a procedure that results in this new lifecycle GHG pollutants rates given on the annual confirmation report explained inside section (e)(2) with the section on the nonexempt seasons where in actuality the election is generated

(d) Time and means of deciding to make the election -(1) Generally speaking. (more…)