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U.S. Treasury Set to Release Hydrogen Credit Guidance Including Nuclear Pathway

share-iconWednesday, January 01 comment-icon3 weeks ago 8 views
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reutersREUTERS
U.S. Treasury Set to Release Hydrogen Credit Guidance Including Nuclear Pathway

Credited from: REUTERS

  • The U.S. Treasury Department plans to release guidance this week on tax credits for hydrogen production linked to the 2022 Inflation Reduction Act.
  • New rules may allow hydrogen produced from nuclear power to access subsidies, although specifics are yet to be clarified.
  • The eligibility of existing nuclear plants for these credits has been contentious, with environmentalists advocating for only new clean energy sources.
  • The anticipated guidance might include a range of credits from 60 cents to $3 per kilogram, influenced by lifecycle greenhouse gas emissions.
  • The final inclusion of nuclear power will impact investment viability in hydrogen production, as industry stakeholders wait for more details.

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