The Biden-Harris Administration has revealed the first recipients of significant investments in clean energy manufacturing. As a component of the comprehensive Investing in America agenda, this initiative pledges to revolutionize energy and industrial communities with pioneering projects.
The US Department of Energy (DOE) has outlined the initial projects to benefit from the Qualifying Advanced Energy Project Credit (48C). Thirty-five projects in 20 states are slated to receive a combined allocation of $1.93 billion.
“The Biden-Harris Administration is executing an industrial strategy that prioritizes rebuilding our domestic manufacturing sector, creating good-paying jobs across the country,” said US Secretary of Energy Jennifer M. Granholm.
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The DOE and the Internal Revenue Service (IRS) are gearing up to release directives for a subsequent phase of the 48C program, anticipated to announce new funding prospects for businesses by this summer.
This continued assistance underscores the administration’s commitment to maintaining the drive toward establishing the US as a front-runner in clean energy manufacturing.
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Enterprises keen on partaking in this vision can choose to be publicly recognized by the DOE, further enhancing transparency and community involvement in clean energy endeavors.