A new tax credit for hydrogen helps out nuclear energy
The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.
Hydrogen tax credit rules give startups clarity while boosting nuclear and carbon capture
Hydrogen startups are widely seen as a promising way to eliminate fossil fuels from heavy industry and long-haul transportation. But they have been stuck
Finalized tax credit for cleaner hydrogen gets a cautious OK from some environmental groups
The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen
US loosens hydrogen tax credit rules: nuclear, methane and delayed deadline
The US’ 45V hydrogen tax credit is among the most – if not the most – generous incentives for hydrogen production in the world, according to industry experts.
Plug Power Stock Jumps Further on New Rules for Clean Hydrogen Tax Credits
Plug Power shares surged for a second straight session on new tax credit rules for clean hydrogen production. Last week, the Treasury Department issued the final rules for the tax credits spelled out in the Inflation Reduction Act of 2022.
Nuclear Advocates See Improved Pathways to Hydrogen Tax Credits
Various stakeholders within the nuclear industry say the clarity provided by the Treasury Department’s hydrogen tax credit rules is a positive step rather than a thorough solution to the obstacles they face in a nascent global hydrogen market.
Section 45V Tax Credit Implications for Nuclear & Clean Hydrogenybg6
The U.S. Department of the Treasury Department and Internal Revenue Service newly released Section 45V hydrogen tax credit guidance now
Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules
The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce the gas.
Biden team offers nuclear path to hydrogen tax credit
The Biden administration said on Friday portions of nuclear power plants will be able to secure tax credits to produce clean hydrogen if the credits help to prevent reactors from retiring.
Treasury unveils eleventh-hour final guidance for hydrogen tax credit
The Treasury Department has released its final, and expanded, guidance on an Inflation Reduction Act tax credit meant to ...
Final 45V hydrogen tax credit guidance draws mixed response
While hydrogen industry leaders generally welcomed the final rule’s increased flexibility, some said the complicated tax ...
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate ...