Investing.com — The U.S. 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 familiar with the matter.
The long-awaited guidance will provide a method for nuclear-produced hydrogen to access those credits. However, the details of this plan have not yet been revealed.
The question of whether existing nuclear power plants should be eligible for the hydrogen subsidy was a contentious issue for the rule. Environmentalists argue that only hydrogen produced with new clean energy sources should have these benefits.
One of the informants mentioned that the guidelines are likely to be released on Friday. The US Treasury has not yet commented on the matter.
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