Reported 3 days ago
The Biden administration has relaxed stringent rules regarding a billion-dollar tax credit for hydrogen production, responding to industry concerns that the previous regulations hindered domestic manufacturing. The revised tax credit, part of Biden's climate initiative, now allows certain nuclear power plants and recognizes hydrogen produced from natural gas with carbon capture technologies, as well as various forms of renewable natural gas. This move aims to foster a domestic clean hydrogen industry, attracting praise from advocates and some criticism from environmental groups for perceived loopholes.
Source: YAHOO