Hydrogen electrolyser and fuel cell factories grab $326m of IRA backing

The US has awarded almost $326m in Inflation Reduction Act (IRA) tax credits for the construction of hydrogen electrolyser and fuel cell factories.

Today (April 19), the US Department of Energy (DOE) revealed the details for 35 projects across 20 states that shared they received a share of $1.93bn from the Qualifying Advanced Energy Project Credit (48C) under the IRA.

Among those projects, eight are new electrolyser and fuel cell factories that have been earmarked a total of $325.8m funding, with Ballard Power Systems, Cummins Inc., Electric Hydrogen Co., John Cockerill Hydrogen North America, Nel Hydrogen, Nuvera Fuel Cell, Twelve Benefit and Topsoe, all set to benefit.

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