The 48C program wants to increase clean energy manufacturing in the US with the $336 million investment. This funding will mainly focus on the expansion of hydrogen facilities, particularly for electrolyzers.
By doing this, the Biden-Harris Administration hopes to encourage manufacturing growth to help achieve their clean energy goals.
The funding has been allocated to various industry players such as:
- Topsoe SOEC Production US Inc – $135,900,000 for SOEC stack manufacturing in Chester, Virginia.
- Nel Hydrogen – $40,967,343 for electrolyser manufacturing expansion in Plymouth Township, Michigan.
- Cummins, Inc – $10,597,500 for PEM electrolyzer manufacturing in Fridley, Minnesota.
- John Cockerill Hydrogen North America – $34,145,868 for electrolyzer production facility in Baytown, Texas.
- Electric Hydrogen Co. – $18,348,108 for a Gigafactory in Devens, Massachusetts.
- Nuvera Fuel Cells – $14,106,057 for fuel cell engine manufacturing in Billerica, Massachusetts.
- Ballard Power Systems – $54,002,371 for fuel cell engine manufacturing in Rockwall, Texas.
- Twelve Benefit Corporation – $28,500,000 for CO2 electrolyzer manufacturing in Alameda, California.
With this, the entire total amounts to $336,567,247.
Industry leaders like Topsoe, Nel, Cummins, and John Cockerill are set to expand their goals with the new funding. The allocated funds will not only support established industry players but also enable emerging companies to expand manufacturing operations, leading to increased job opportunities and economic growth.
What Does This Mean For The Future?
The total dollar value speaks for itself. With so many big names in the mix, we are a few steps closer to a future of net zero.. This investment is geared towards technological advancements that will assist hard to decarbonize sectors, making it easier to get to net zero. .
This program is a real move toward cutting carbon emissions in big industries and pushing forward the clean energy plan.