§45V Clean Hydrogen — tokenized at the meter
$3/kg PTC for clean hydrogen with lifecycle GHG ≤ 0.45 kgCO₂e/kgH₂. On-chain hourly Energy Attribute Certificate matching, GREET-pathway-verified, settled in MXD.
The trade
§45V awards up to $3.00/kg of qualified clean hydrogen produced. The rate is tiered by lifecycle carbon intensity, verified against the Argonne GREET model. The hardest part isn't earning the credit — it's proving the lifecycle GHG threshold over 8,760 hourly intervals per year with auditable, dispute-resistant data.
BV tokenizes §45V credits at the moment of production: an on-chain verifier matches your production hour-by-hour against the upstream electricity Energy Attribute Certificates (EACs), runs the GREET calc, and mints XCT-45V tokens at the correct rate band.
OTC Desk
liveBilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.
About the OTC DeskOn-chain marketplace
testnetCredit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.
About §6418 transferabilityMechanics
| Lifecycle CI (kgCO₂e/kgH₂) | Rate (5-year credit) |
|---|---|
| < 0.45 | $3.00 / kg |
| 0.45 – 1.5 | $1.00 / kg |
| 1.5 – 2.5 | $0.75 / kg |
| 2.5 – 4.0 | $0.60 / kg |
- Production verification: SCADA meter feed + GREET pathway hash
- EAC matching: hourly clock; matched EACs locked into the mint
- Wage/apprenticeship multiplier: 5x if PWA satisfied
- §6418 election: pre-baked into the token for buyer transfer
Trust
- GREET pathway hash on every mint
- Hourly EAC ledger published on-chain
- Treasury §45V final-rule citations attached to every mint event
- Tax-counsel reviewed; nothing on this page constitutes tax advice
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