The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.

A number of new energy stocks, including S&P 500 nuclear stocks Constellation Energy and Vistra along with Amazon.com supplier Plug Power, moved higher following the the Treasury Department and Internal Revenue Service revising its rules for hydrogen production tax credits.

The tax credit created by President Joe Biden’s signature ... a global leader in truly green hydrogen,” John Podesta, senior climate adviser to Biden, said in a statement.

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF.

Local proponents of the green fuel have been encouraged by the US government’s billions of dollars in tax credits which now come with fewer conditions attached.

Major institutions have been subverted over the years to serve the insistent pseudoscientific claims of climate alarmists.

GSA inks $1B+ ‘historic’ deal with Constellation Energy for nuclear power supply to 13 federal agencies from its northeast and midwest plants such as the 2.35-MW Byron facility in Illinois, now being expanded.

State governments must step up to help avoid the worst impacts of climate change and build a more prosperous, inclusive, and globally competitive American clean energy economy.

Trump will likely try to reverse the move, which puts more than 625 million acres off-limits to future oil and gas leasing.

House Speaker Mike Johnson is laying out an ambitious schedule for enacting President-elect Donald Trump’s agenda.