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.
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.
Shares of Constellation Energy and other nuclear-power-focused companies rose after the Biden administration eased tax-credit rules for hydrogen production. The Treasury Department and Internal ...
The level of any inclusion of nuclear power in the final rules will determine whether it's commercially viable to invest in hydrogen production, one source said. Some possible guidelines could ...
"If a nuclear retirement is averted, then the additional demand from hydrogen production will not have induced emissions (elsewhere)," it said in a statement. The Treasury adjusted a draft plan ...
The final rule for clean-hydrogen production will permit some nuclear power plants, which are at risk of retirement, to produce the gas used in fuel cells. John Podesta, senior climate advisor to ...
Generally, hydrogen production that generates fewer greenhouse ... competitive with fossil-derived hydrogen in some regions. Nuclear and fossil fuel power plants also benefit under the revised ...