Clean hydrogen can be a key component to decarbonization, particularly in the industrialsector. Beyond its current use in chemicals and refining, hydrogen has potential newand expanded uses in, for instance, process heat, iron and steel, electricity generation and transportation. However, current hydrogen production technologies yield significant carbon emissions, and little economic incentive has existed to expand the use of hydrogen to new areas. But that has begun to change, with the US Congress recently placing large bets on a future hydrogen economy. Last year’s Infrastructure, Investment and Jobs Act (IIJA) contains $9.5 billion funding for hydrogen, including $8 billion for hydrogen hubs. And this year’s Inflation Reduction Act (IRA) contains two provisions that will subsidize clean hydrogen production. The first is a new tax credit (section 45V of the tax code) where the value of the credit is based on life cycle emissions. The second is a substantial increase in the value of the existing tax credit for carbon sequestration (section 45Q of the tax code), which is used to make “blue” hydrogen.