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09 May
17:22

US awards $300m in tax credits to hydrogen projects

The US Department of Energy on Thursday shared details of seven hydrogen-related projects that have received more than $300 million in credit allocations. The benefits come under the Qualifying Advanced Energy Project Credit (48C), which has allocated a total of $1.9 billion to 35 energy projects across 20 states, Kallanish reports. The 48C credit is a tax credit funded by the White House's Investing in America agenda through the Inflation Reduction Act. It p…
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