The U.S. Department of the Treasury and the Internal Revenue Service, in partnership with the U.S. Department of Energy (DOE), announced a $6 billion allocation for a second round of tax credits under the Biden-Harris Administration’s economic agenda. This funding supports projects that expand clean energy manufacturing and reduce greenhouse gas emissions in industrial facilities. Managed by the DOE's Office of Manufacturing & Energy Supply Chains, the initiative is part of the expanded Qualifying Advanced Energy Project Credit program, which has already allocated $4 billion to over 100 projects across 35 states. Deputy Secretary of Energy David Turk highlighted that this initiative aims to revitalize manufacturing, strengthen supply chains, and modernize the industrial sector, thereby creating quality jobs and enhancing energy security.
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