US loosens hydrogen tax credit rules

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.
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.
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.
Biden releases hydrogen tax credit. Nuclear energy stocks rise.
A number of nuclear energy providers and generators — including Oklo (OKLO), NuScale Power (SMR), and Nano Nuclear Energy (NNE) — are seeing their shares take off after the Biden administration eased their tax credit rules for clean hydrogen producers.
Oklo, NuScale Power, Nano Nuclear Energy Gain After U.S. Hydrogen Tax-Credit Revision
Shares of Oklo, NuScale Power and Nano Nuclear Energy rose Friday after the Treasury Department and Internal Revenue Service revised rules for hydrogen production tax credits. The three companies all are working on small modular nuclear reactors. Oklo was up 25%, to $27.25, while NuScale gained 17%, to $20.69. Nano rose 13%, to $26.97.
Plug Power Stock Jumps Further on New Rules for Clean Hydrogen Tax Credits
Key Takeaways 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.
New hydrogen tax rules face uncertain future
Incoming Senate Environment and Public Works Chair Shelley Moore Capito (R-W.Va.) says her party may not spare hydrogen tax credits crafted by Democrats. Francis Chung/POLITICO Democrats and their allies welcomed the Treasury Department’s final guidance,
Finally A Framework For Clean Hydrogen Subsidies
In this week's Current Climate newsletter, the Biden Administration sets clean hydrogen credit rules; creating the "DuPont of ...
Creating clean hydrogen power is hard. Biden’s new subsidies show why.
The Biden administration unveils final rules for subsidizing hydrogen power amid debate over how green the fuel should be.
TechCrunch4d
Hydrogen tax credit rules give startups clarity while boosting nuclear and carbon capture
The rules, which have been over two years in the making, relax some parts of the draft proposal, giving existing nuclear and fossil fuel power plants a bit of a reprieve. Because hydrogen can be ...
Biden Loosens Rules for Hydrogen Subsidies Worth Billions
The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production ...
Investor's Business Daily on MSN19h
Hydrogen Finally Gets A Price Tag: S&P 500 New Energy Plays Soar Along With This Amazon Vendor
A number of new energy stocks, including S&P 500 nuclear stocks Constellation Energy and Vistra, along with Amazon.com ...