A Strategic Opportunity for North Carolina and the Nation

U.S. Clean Hydrogen Tax Credit (45V)

- A Strategic Opportunity for North Carolina and the Nation

Defend Section 45V. Secure U.S. Energy Leadership.

Support energy production and jobs of the future in North Carolina!

North Carolina is poised to develop a lucrative and modern hydrogen economy that will bring high paying jobs of the future to the state’s workforce.

Federal support for hydrogen actors in North Carolina—particularly Section 45V of the Inflation Reduction Act—is critical to the success of the state’s nascent hydrogen sector.

Section 45V: Pro-Business, Pro-Jobs, Pro-North Carolina

45V is a performance-based, technology-neutral tax credit for clean hydrogen production—rewarding the cleanest, most efficient projects. The credit will create and support:

60,000 American jobs by 2035: 45V will create long-term jobs in construction, operations, and manufacturing
$12 billion in annual GDP: 45V drives private capital investment—not public handouts.
Energy security by anchoring clean fuel production in U.S. states like North Carolina
U.S. competitiveness as the EU, Japan, and China accelerate their hydrogen industries

Weakening or delaying 45V risks sending clean hydrogen investment and jobs overseas.

What's at stake for North Carolina?

Metric	Impact
Project pipeline	$20+ billion in expected private investment
Direct jobs	60,000+ by 2035 (estimate)
Key employers	ExxonMobil, Air Liquide, Chevron, OCI, BP
Industrial sectors impacted	Refining, petrochemicals, shipping, manufacturing
Export potential	Increased domestic energy production, more resilient energy grids, insulation from global energy markets

What We Ask of Senator Tillis:

Ask Chairman Mike Crapo and Majority Leader John Thune to support a phase out date for 45V of December 31, 2029.

Companies in North Carolina are building the future of American energy. 45V gives them the certainty to invest and grow.

U.S. Clean Hydrogen Tax Credit (45V)