Inside Constellation’s planned push into clean hydrogen — and the federal ruling that could shape the industry’s future

Constellation Energy Corp. wants to be a big player in the hydrogen industry, a field that could be worth more than $1 trillion, but first, the company needs a key federal ruling to go in its favor. The U.S. Department of the Treasury is currently mulling over rules that would determine who qualifies for a new clean hydrogen production tax credit that was created as part of the 2022 Inflation Reduction Act (IRA) called 45V, which will give out $3 for every kilogram of clean hydrogen a company produces.