Company Sells $13.5 Million of Tax Credits Generated by Renewable Natural Gas and Solar Project Investments CUPERTINO, CA - (NEWMEDIAWIRE) - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and ...
Plug Power shares surged for a second straight session on new tax credit rules for clean hydrogen production. Last week, the ...
Most hydrogen today is made from natural gas, contributing to climate change ... The big question now, he said, is whether the tax credit will move the industry forward and give firms the confidence ...
Energy shows why new safeguards adopted by the U.S. Treasury Department are necessary to avoid substantial climate impacts and wasted taxpayer resources from a generous hydrogen production tax credit.
The Biden administration has finalized rules for a tax incentive promoting hydrogen production using renewable power, with lower credits for processes using abated natural gas. The Clean Hydrogen ...
methane and renewable natural gas to receive the tax credit. The credit, which provides as much as $3-per-kilogram for production, is meant to spur a domestic industry for the clean-burning fuel ...
The rules also allow natural gas-fired facilities that produce hydrogen to access the credits if they install equipment to capture and bury their carbon dioxide emissions. It is unclear how the ...
The Biden administration loosened some safeguards on a tax credit worth billions of dollars for production of so-called clean hydrogen, Bloomberg reported Friday. The tax credit created by the ...
New rules for a tax credit worth up to $3 per kilogram of ... They also expand eligibility to include nuclear power, natural gas with carbon capture, and even methane from sources like wastewater ...
By contrast, it costs about $1 to $2 per kilogram to make hydrogen from natural gas. The new tax credit will be worth up to $3 per kilogram, which could bridge the gap in some cases but not all.
The rules allow some natural-gas-fired facilities that produce hydrogen to access the credits if they install equipment to capture and bury their carbon-dioxide emissions.