Treasury to difficulty steering on hydrogen tax credit entry – Reuters

Investing.com — The U.S. Treasury Division is planning to launch steering later this week on accessing tax credit for hydrogen manufacturing as a part of the 2022 Inflation Discount Act, in keeping with two Reuters sources with data on the topic.

The much-anticipated steering will present a technique for hydrogen produced through nuclear energy to entry these credit. Nevertheless, the specifics of this plan haven’t been disclosed but.

The query of whether or not present nuclear crops must be eligible for the hydrogen subsidy has been a contentious difficulty for the rule. Environmentalists argue that solely hydrogen produced with new clear power sources must be given these advantages.

One of many informants talked about that the steering is more likely to be launched on Friday. The U.S. Treasury Division has but to touch upon this matter.

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