Investing.com -- The U.S. Treasury Department is planning to release guidance later this week on accessing tax credits for hydrogen production as part of the 2022 Inflation Reduction Act, according to two Reuters sources with knowledge on the subject.
The much-anticipated guidance will provide a method for hydrogen produced via nuclear power to access these credits. However, the specifics of this plan have not been disclosed yet.
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 be given these benefits.
One of the informants mentioned that the guidance is likely to be released on Friday. The U.S. Treasury Department has yet to comment on this matter.
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