The U.S. Treasury Department plans to release guidance later this week on how to access tax credits for hydrogen output under the 2022 Inflation Reduction Act, Reuters’ Timothy Gardner, Laila Kearney, and Nichola Groom report, citing two sources familiar with the matter. The anticipated guidance would clear a path for hydrogen produced using nuclear power to access the credits, the authors note. Publicly traded hydrogen producers include Linde (LIN), Air Products (APD), Plug Power (PLUG), Engie (ENGIY), Cummins (CMI), and BP (BP).
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