The right to buy tomorrow's §45V credit. Priced at today's premium.

The trade

We are producing qualified clean hydrogen now — eligibility established, credit window open, construction deadline already met. This option reserves your right to purchase a future vintage of §45V credit at a stated term. It is a true option: you pay a premium for the right, not the obligation, to buy. Walk away and you forfeit only the premium.

The premium is additive consideration. It is never credited toward the purchase price if you exercise — it pays for the option itself.

Why the premium only rises

Each vintage, once in its window, is worth full value to us — sold to a buyer or used against our own tax liability. There's no discount path and no spot fallback; unsold allocation is absorbed internally. A buyer isn't negotiating price against other buyers — they're securing whether we release that vintage's allocation at all. The earliest options price lowest, because today's allocation is the least scarce it will ever be.

Already in production

This isn't a development-stage credit. Eligibility is established, the credit window is running, and the construction deadline has already been met — there is no build-out risk sitting underneath the option.

What this isn't

This isn't tax advice, and it isn't a security. It's a bilateral commercial option contract, wire-settled, with a term sheet your counsel can mark up — the same register as the Tax Credit OTC Desk. Nothing here constitutes tax or legal advice; engage your own counsel on §6418 mechanics before exercising.

Get started

Indicate interest via the OTC intake form. We'll follow up with current premium terms — no pricing is published publicly.