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A new tax credit for hydrogen helps out nuclear energy
It could help revive nuclear power plants at risk of shuttering.
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. To ease those concerns, the Biden administration proposed rules for the hydrogen tax credit more than a year ago that require companies to get electricity from new sources of clean energy. In addition, companies can take advantage of the tax credit if hydrogen is made with electricity from a fossil fuel power plant that installs technology to capture its carbon dioxide emissions.
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