Nuclear energy stocks rise after final US rules on hydrogen tax credits [Yahoo! Finance]
Plug Power, Inc. (PLUG)
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Source: Yahoo! Finance
producers seeking to qualify for the clean hydrogen production tax credit of up to $3 per kilogram (kg). This development has prompted a notable increase in nuclear energy stocks, as many companies were hesitant to invest in hydrogen production projects until the guidelines were established, reported Investor's Business Daily The hydrogen tax credit ranges from $0.60 to $3/kg based on carbon emissions levels. It is part of the Inflation Reduction Act signed by President Joe Biden in 2022. The new regulations allow nuclear power and natural gas producers to qualify for significant credits aimed at hydrogen production, potentially unlocking billions of dollars in funding. Historically, clean hydrogen produced via renewable energy sources has been more costly than traditional hydrogen production methods. The introduction of this tax credit aims to reduce production costs and encourage companies to enhance clean hydrogen infrastructure, the report said. The final rules include
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News
- Plug to Participate in Goldman Sachs Energy, CleanTech & Utilities Conference [Yahoo! Finance]Yahoo! Finance
- Plug to Participate in Goldman Sachs Energy, CleanTech & Utilities ConferenceGlobeNewswire
- Bond market signals trouble ahead: Portfolio mgr. [Yahoo! Finance]Yahoo! Finance
- Why Plug Power Stock Rocketed Higher Today [Yahoo! Finance]Yahoo! Finance
- In This Article : [Yahoo! Finance]Yahoo! Finance
PLUG
Earnings
- 11/12/24 - Miss
PLUG
Sec Filings
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- PLUG's page on the SEC website