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Dubai News Club > Tech > A new tax credit for hydrogen helps out nuclear energy
Tech

A new tax credit for hydrogen helps out nuclear energy

Press Room
Last updated: 2025/01/06
Press Room
Published: January 6, 2025
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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.

The highly anticipated guidelines stipulate what kinds of hydrogen projects can qualify for the tax credit. Hydrogen combustion releases water vapor instead of greenhouse gas emissions, which is why the Biden administration sees it as a more sustainable alternative to fossil fuels. But it takes…

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