"The final rule is an important step in the right direction," Joe Dominguez, president and CEO of the largest nuclear power plant operator in the US, Constellation, said in a press statement. "The final rule allows a significant portion of the existing merchant nuclear fleet to earn credits for hydrogen production." This acknowledgment underscores the significance of the new regulations for both hydrogen production and the nuclear energy sector, indicating a shift towards integrating sustainable energy practices.
The tax credit, called 45V, was established through the Inflation Reduction Act and is worth up to $3 per kilogram of hydrogen production. To qualify, companies have to meet strict requirements to limit pollution. This creates an incentive not only for cleaner methods of hydrogen production but also for potentially reviving at-risk nuclear plants, aligning economic viability with environmental sustainability.
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