Michigan to Become the Hub of Green Hydrogen Production Thanks to Nel ASA
Supporting Green Hydrogen Development in the U.S. Nel ASA, a global leader in renewable energy technology and a pioneer in hydrogen production, has received up to USD 29 million in investment tax credits for its planned manufacturing expansion in Michigan. This tax credit, part of the Qualifying Advanced Energy Project Tax Credit (48C) program, comes as a federal initiative funded by the Inflation Reduction Act. The 48C program is jointly managed by the U.S. Department of Energy, the U.S. Treasury, and the IRS, aiming to incentivize clean energy investments.
You are not logged in
If you want to read more, join the ENERGY-HUB club
LoginTry the monthly membership in the ENERGY-HUB club for free!
Related articles
Billions more out the door: How much IRA clean energy funding is left?
The carriage is about to turn back into a pumpkin. But before it does, the ballroom is alive with the sounds of dancing. It has be…
Majority of Germans agree next govt should ramp up climate protection efforts – survey
A majority of people in Germany (53%) agree that the next government should do more for climate protection, according to a survey …
Sodium-ion batteries key for India’s storage manufacturing ambitions
A new report says sodium-ion batteries (SIBs), made from abundant materials, could help India to reduce its dependence on imports…
US DOE announces SPARC funding opportunity
In the United States (US), the Department of Energy (DOE) Bioenergy Technologies Office (BETO) has announced up to US$23 million i…
€1.8 Million Research Grant for Sequence Impulse Hydrogen Project to Decarbonize Blast Furnaces
A research project to establish decarbonization technologies for the steelmaking industry, in which Primetals Technologies is an a…
ENERGY-HUB is a modern independent platformsharing news and analytic articles from the energy sector on a daily basis. Within our portfolio we monitor czech, slovak and foreign press releases.
