High Temperature, High Pressure, Carbon-Free Steam for Industrial Decarbonization slide image

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 NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. 13 NUSCALE Power for all humankind
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