Shares of nuclear energy companies have recently surged following the Biden administration's decision to ease tax-credit rules for hydrogen production.

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.

On January 3, 2025, the Treasury Department and the Internal Revenue Service issued final regulations under Internal Revenue Code (Code) Section

The U.S. Department of the Treasury Department and Internal Revenue Service newly released Section 45V hydrogen tax credit guidance now

In this article, we are going to take a look at where Nuscale Power ... optimism on nuclear stocks. In other news, the company, alongside its peers, also maintained a strong momentum following the Department of Treasury and Internal Revenue Service ...

New tax credits are available for companies that generate clean electricity, the Biden administration announced Tuesday, while arguing it would be a mistake for President-elect Donald Trump to try to undo them.

Changes to the proposed final rules for US tax credits to support clean hydrogen production mean that existing nuclear power plants will now be eligible. ;

The Treasury Department and the Internal Revenue Service released final rules ... The U.S. currently gets more than 40% of its power from clean energy sources like solar, wind, hydropower and nuclear. The centerpiece of Trump’s energy policy is ...