onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Advanced nuclear companies and others urge Senate to keep energy tax credits
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

Advanced nuclear companies and others urge Senate to keep energy tax credits

Last updated: June 3, 2025 11:36 pm
Oliver James
Share
2 Min Read
Advanced nuclear companies and others urge Senate to keep energy tax credits
SHARE

(Reuters) -Energy companies representing technologies that provide baseload, or stable and consistent power, on Tuesday urged U.S. Senate leadership to preserve clean energy tax credits that were effectively gutted by a Republican bill passed last month by the House of Representatives.

WHY IT’S IMPORTANT

Republicans including U.S. President Donald Trump have criticized clean energy tax credits for incentivizing intermittent renewable energy sources like wind and solar that vary depending on weather conditions. They say the nation needs more baseload power, which includes coal and natural gas, to serve soaring electricity needs tied to data centers and artificial intelligence.

But in the letter sent on Tuesday, a group of nuclear, energy storage, geothermal and hydropower companies and organizations said they, too, need the subsidies to support their baseload technologies.

KEY QUOTE

“Baseload technologies rely on these credits to secure financing, plan multi-decade investments, and build the infrastructure needed for a reliable and resilient grid. Altering the availability, phase-out schedule, or transferability of these credits would jeopardize the firm capacity now in active development and undercut America’s broader goals of energy security and productive investment,” the companies said in the letter addressed to Senators John Thune, the Republican leader, Chuck Schumer, leader of the minority Democrats, Mike Crapo, the Republican chairman of the Senate finance committee, and Ron Wyden, the committee’s top Democrat.

The letter was signed by geothermal company Fervo Energy, storage firm Form Energy, nuclear technology companies Oklo and TerraPower, among others. It was also signed by several advocacy groups representing hydropower, geothermal and advanced nuclear energy.

(Reporting by Nichola Groom; Editing by Stephen Coates)

You Might Also Like

She Got a Permit for Her Chickens. Now the City Is Fining Her $80,000.

Trump says tariffs must be part of any Canada deal, Ottawa pushes back

Ukrainians doubt potential of Trump’s peace plan amid deadly Russia attacks | News

Coffee, shoes: Trump’s new tariffs could hike these prices

Peru mulls green light for $6 billion in mining projects, president says

Share This Article
Facebook X Copy Link Print
Share
Previous Article Why AI acts so creepy when faced with being shut down Why AI acts so creepy when faced with being shut down
Next Article HELOC rates jump to near 2025 highs; home equity loans tick up too HELOC rates jump to near 2025 highs; home equity loans tick up too

Latest News

Rupert Everett says he spent 2 weeks in bed after being ‘fired’ from “Emily in Paris”: ‘I couldn’t get over it’
Rupert Everett says he spent 2 weeks in bed after being ‘fired’ from “Emily in Paris”: ‘I couldn’t get over it’
Entertainment July 30, 2025
Singer Michael Bublé Gets Candid About His Recent Disney Cruise Experience
Singer Michael Bublé Gets Candid About His Recent Disney Cruise Experience
Entertainment July 30, 2025
Beloved Soap Spinoff Adds 3 Cast Members To Anniversary Special
Beloved Soap Spinoff Adds 3 Cast Members To Anniversary Special
Entertainment July 30, 2025
Nick Cannon Shares How He Really Feels About Bre Tiesi’s Time as a “Selling Sunset” Cast Member (Exclusive)
Nick Cannon Shares How He Really Feels About Bre Tiesi’s Time as a “Selling Sunset” Cast Member (Exclusive)
Entertainment July 30, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.