§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
What this instrument conveys
Conveys contractual transfer rights under §6418 and settlement rights against the credit. It does not convey equity or physical ownership.
Operative terms are set out in the governing documents. Disclosures
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