(Bloomberg) Plug Power Inc. dubbed the new US rules on how hydrogen projects can qualify for a lucrative tax credit “disappointing,” but also expects restrictions around a key measure of President Joe Biden’s signature climate law to get looser once they are finalized by the Treasury Department. Most Read from BloombergApple to Fight Watch Ban in Court After White House Declines to ActS&P 500 Trades Within a Whisker of All-Time High: Markets WrapHow Were So Many Economists So Wrong About the
(Bloomberg) The nation’s fleet of nuclear reactors won’t be able to tap into a climate law tax credit poised to provide billions of dollars to spur the production of clean hydrogen, dealing a blow to operators struggling in the face of competition from cheap natural gas and renewables. Most Read from BloombergHyperloop One to Shut Down After Failing to Reinvent TransitTencent Leads $80 Billion Rout as China Rekindles Crackdown FearHarvard Financial Pain Grows as Blavatnik Joins Donor RevoltVi
Hydrogen - Carlton Power secures UK Government support for its green hydrogen projects - Renewable Energy Magazine, at the heart of clean energy journalism renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) A leaked draft of Treasury Department guidance for claiming hydrogen production tax credits under President Joe Biden’s climate law is drawing warnings from advocates that the requirements may stifle the burgeoning industry before it takes shape.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India