The U.S. Treasury Department has reversed its prior stance, issuing a final rule that allows a significant portion of existing merchant nuclear plants to qualify for federal tax credits under Section 45V of the Inflation Reduction Act for clean hydrogen production. This decision marks a positive regulatory development for Constellation Energy.
Constellation's President and CEO, Joe Dominguez, expressed satisfaction with the change, noting that it enables customers to access reliable nuclear energy for transitioning to clean hydrogen and other sustainable technologies. The company had previously highlighted the importance of nuclear energy in meeting power and sustainability needs.
Constellation is currently evaluating the full impact of these final rules on the feasibility of its proposed clean hydrogen project at the LaSalle Clean Energy Center and its involvement in the MachH2 Hub. This regulatory shift could unlock new revenue streams and expand the strategic value of Constellation's nuclear fleet.
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