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 new regulations allow nuclear power and natural gas producers to qualify for significant credits aimed at hydrogen production.
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 Treasury Department and Internal Revenue Service revising its rules for hydrogen production tax credits.
Despite its regulatory future in limbo as the clean energy industry awaits potential shakeups when Trump returns to the White House, Bosch is still working to make hydrogen a
The tax credit created by President Joe Biden’s signature ... a global leader in truly green hydrogen,” John Podesta, senior climate adviser to Biden, said in a statement.
Local proponents of the green fuel have been encouraged by the US government’s billions of dollars in tax credits which now come with fewer conditions attached.
Noble Gas Systems (Noble Gas) received an Approval in Principle (AiP) certificate for its conformable hydrogen storage vessel from
Besides, Dr Jitendra Singh said CSIR has succeeded in the development of 108 petal Lotus, hydrogen bus, biofuels, facilitating Lavender cultivation, among others. Stay ahead with Informachine News Trackers! Follow your selected sources, track business news ...
Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF.
Islamist terrorists stormed the Paris office of Charlie Hebdo, killing 12 members of the satirical publication's staff. French President Francois Hollande described it as "an act of exceptional barbarism.
Major institutions have been subverted over the years to serve the insistent pseudoscientific claims of climate alarmists.