Investing.com – The U.S. Treasury plans to issue guidance later this week on obtaining tax credits for hydrogen production as part of the 2022 Inflation Reduction Act, according to two Reuters sources with knowledge of the matter.
The long-awaited directive will provide a way for hydrogen produced via nuclear power 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 hydrogen subsidies has been a controversial issue for this rule. Environmentalists argue that only hydrogen produced with new clean energy sources should receive these benefits.
An insider stated that the guidance is likely to be issued on Friday. The US Treasury Department has not yet commented on this matter.
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