The U.S. Department of Energy (DOE) has announced a big boost for clean energy projects across America. They’re giving out $1.93 billion in tax credits to 35 projects in 20 states. Among these, seven projects focused on hydrogen will receive over $300 million in credits.
This tax credit, called the 48C credit, is part of the White House’s plan to invest in America. It aims to speed up clean energy manufacturing and recycling and cut down on greenhouse gas emissions from factories. Companies can get a credit of up to 30% on their investments if they meet certain wage and training requirements.
These projects cover a wide range of clean energy areas. They include things like making parts for electric cars, solar panels, and clean steel. Some projects are also helping to recycle materials used in clean energy products. What’s more, many of these projects are in communities that relied on coal mining or coal plants. This shows the government’s commitment to supporting these areas as the country moves towards cleaner energy.
