Nuclear Advocates See Improved Pathways to Hydrogen Tax Credits

Various stakeholders within the nuclear industry say the clarity provided by the Treasury Department’s hydrogen tax credit rules is a positive step rather than a thorough solution to the obstacles they face in a nascent global hydrogen market.

The goal of the updated tax guidance was to “clarify how producers of hydrogen, including those using electricity from various sources, natural gas with carbon capture, renewable natural gas (RNG), and coal mine methane can determine eligibility,” the Energy Department said in a written statement.

The rules extended the deadline to meet hourly emission matching requirements to 2030 and gave qualification ...