High Temperature, High Pressure, Carbon-Free Steam for Industrial Decarbonization
Inflation Reduction Act (IRA) Provides Significant Support for Advanced Nuclear
30% tax credit towards the
building cost of carbon-free
advanced nuclear power plants
Potential 50% cost reduction
for building an SMR at
former coal sites
$
Clean Electricity Tax Credits
命
■ 30% ITC (investment tax credit)
Technology-neutral tax credits
■ Start in 2025 and phased out in 20321
▪ 10% bonus for eligible facilities²
■ 10% bonus for domestic content
(H2) Clean Hydrogen Credit
$3/kg-H2 PTC for qualifying facilities
■ Must begin construction
before 2033
■ Available for 10 years
Loan Guarantee Expansion
■ DOE's Loan Programs Office can
employ up to $40B in additional
loan authority
■ Additional $3.6B to cover loan
guarantee costs
Advanced Energy Project Credit
■ 30% ITC for qualifying manufacturers
producing clean energy components
$10B extension cap, with $4B to be
located in energy communities
Advanced Nuclear Receiving Support Previously Only Available to Renewables
1 Or when CO2 emissions from electricity production are 75% below 2022 levels
2 In certain communities, e.g., coal plant communities
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