Investing.com – The US Treasury Department plans to release guidance later this week on access to tax credits for hydrogen production as part of the 2022 Inflation Reduction Act, according to two Reuters sources with knowledge of the matter.
The much-anticipated guidance would provide a way for hydrogen produced by nuclear power to access these credits. However, the details of this plan have not been disclosed yet.
The question of whether existing nuclear plants should be eligible for hydrogen subsidies has been a controversial issue in the legislation. Environmentalists argue that only hydrogen produced by new clean energy sources should be given these benefits.
One of the sources said the guidance could be issued on Friday. The US Treasury has yet to comment on the matter.
This article is powered by AI and updated by an editor. For more information see our T&C.