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Finance: Tax Credits for Nuclear Hydrogen Production

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The Inflation Reduction Act of 2022, in addition to providing tax credits for operating merchant reactors in the US, would also incentivize hydrogen production generated from nuclear power. Alongside a $9.5 billion US Department of Energy (DOE) program to develop four hydrogen hubs across the country, the federal support could be a catalyst for bringing nuclear-powered hydrogen production to market.

Topic:
Nuclear
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