A new tax credit for hydrogen helps out nuclear energy
The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.
Plug Power Stock Jumps Further on New Rules for Clean Hydrogen Tax Credits
Key Takeaways Plug Power shares surged for a second straight session on new tax credit rules for clean hydrogen production.Last week, the Treasury Department issued the final rules for the tax credits spelled out in the Inflation Reduction Act of 2022.
Feds: Final US Hydrogen Tax Credit Rules Are More Flexible for Project Developers
Finalized requirements by the Biden administration Treasury Dept. are set to spur construction of more hydrogen production facilities, particularly those that can manufacture 'green' hydrogen sourced by renewable energy.
Plug Power stock soars on new hydrogen tax credit rules
Plug Power (PLUG) surged 20% on Monday following President Biden’s rule changes on tax credit rules for clean hydrogen producers. Market Domination hosts Julie Hyman and Josh Lipton dive into the EV charging company's stock movements and the rise in short-interests suggesting a potential short squeeze.
Biden team offers nuclear path to hydrogen tax credit
The Biden administration said on Friday portions of nuclear power plants will be able to secure tax credits to produce clean hydrogen if the credits help to prevent reactors from retiring.
Finalized tax credit for cleaner hydrogen gets a cautious OK from some environmental groups
The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen. The new rules drew cautious praise from environmental groups,
Final Section 45V Clean Hydrogen Production Tax Credit Regulations Issued
On January 3, 2025, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released long-awaited final
New hydrogen tax rules face uncertain future
The Biden administration finalized long-awaited tax guidance Friday for the production of “clean” hydrogen, but the lasting impact — and even survival — of the credits may come down to Hill Republicans.
US to issue hydrogen credit rule this week, with path for nuclear, sources say
The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter.
Plug Power stock surges on tax credit rules ease
Investing.com -- Plug Power (NASDAQ: PLUG) shares climbed 20% today, building on a 13% rise from Friday, following the Biden administration's decision to relax certain regulations surrounding a significant hydrogen production tax credit. The move is seen as a boost for companies in the hydrogen fuel sector, including Plug Power.
Final 45V hydrogen tax credit guidance draws mixed response
While hydrogen industry leaders generally welcomed the final rule’s increased flexibility, some said the complicated tax ...
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate ...
Hydrogen Finally Gets A Price Tag: S&P 500 New Energy Plays Soar Along With This Amazon Vendor
A number of new energy stocks, including S&P 500 nuclear stocks Constellation Energy and Vistra along with Amazon.com supplier Plug Power, moved higher following the the Treasury Department and ...