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.
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.
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.
Nuclear becomes eligible for hydrogen tax credits under updated US rules
Changes to the proposed final rules for US tax credits to support clean hydrogen production mean that existing nuclear power plants will now be eligible. ;
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.
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
Nuclear energy stocks rise as Biden administration eases hydrogen production rules
Investing.com -- Shares in Constellation Energy (NASDAQ: CEG) and other nuclear power-focused companies experienced a rise following the Biden administration's decision to ease tax-credit rules for hydrogen production.
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,
Treasury unveils eleventh-hour final guidance for hydrogen tax credit
The eleventh-hour rules come just over two weeks before President-elect Donald Trump again takes office. He is expected to ...
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 ...
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 ...
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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 ...