Kyle Hayes Quoted on Zero-Carbon Hydrogen Tax Rules

Foley & Lardner LLP partner Kyle Hayes is quoted in the Bloomberg Law article, “Zero-Carbon Hydrogen Tax Rules Spark Divide Over Grid Emissions.”

Discussing the 45Q carbon capture tax credit that was increased by the Inflation Reduction Act, Hayes noted that it could be attractive for producers. Would-be operators of hydrogen facilities are currently “taking a closer look at how 45Q might pencil out instead,” Hayes said.

“I don’t want to definitively say the whole industry is turning their heads in the direction of blue hydrogen, but I do think that certainly some of the strategics who were already thinking about 45Q as a path forward are definitely looking at it more.”