Act now: Comments sought on hydrogen tax credit
February 12, 2024, 4:37PMNuclear News
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The U.S. Treasury Department building in Washington, D.C.
Two weeks remain for public comments on the proposed language in the new federal rules proposed for hydrogen production tax credits. A public hearing on the regulations is scheduled for March 25, 2024.
While the federal proposal is largely popular among environmentalists and some pronuclear advocates, there are concerns from others that it would cut out opportunities for existing legacy nuclear plants that are well-equipped to convert part of their operations to hydrogen production. The proposed rules require hydrogen to come from newly built resources—the largest obstacle for legacy nuclear sites but further incentive to deploy new reactors—and would permit using natural gas if employed with carbon capture and sequestration.
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