Investing.com – The U.S. Treasury Department plans to release guidance later this week on accessing tax credits for hydrogen production as part of the Inflation Reduction Act of 2022, according to two sources Reuters with knowledge of the matter.
The long-awaited guidance will provide a method for nuclear-produced hydrogen to access these credits. However, the details of this plan have not yet been revealed.
The question of whether existing nuclear plants should be eligible for the hydrogen subsidy has been a contentious issue for the rule. Environmentalists argue that only hydrogen produced with new clean energy sources should receive these benefits.
One of the insiders mentioned that the guide is likely to be released on Friday. The US Treasury Department has not yet commented on this matter.
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