On January 3, 2025, the Biden administration eased tax credit rules for clean hydrogen producers, leading to a rise in shares of nuclear energy providers, including NuScale Power. This policy change is expected to accelerate the buildout of clean energy infrastructure.
The new tax credit rules create a more favorable economic environment for companies involved in clean hydrogen production. NuScale's SMR technology is capable of supporting commercial-scale hydrogen production, positioning the company to benefit from this policy tailwind.
This development is significant as it opens up additional market opportunities for NuScale beyond electricity generation. The ability to produce clean hydrogen efficiently enhances the versatility and appeal of NuScale's SMRs for various industrial applications and the broader energy transition.
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