Last week, Connecticut U.S. Representative John Larson, California U.S. Representative Jimmy Panetta, and New York U.S. Representative Claudia Tenney announced the introduction of the Technologies for Energy Security Act to extend the Inflation Reduction Act’s (IRA) investment tax credit for fuel cells and linear generators by another eight years. As part of the IRA's efforts to address the impact of climate change, fuel cells, and linear generators are currently eligible for up to a 30% tax credit. Currently, these tax credits are set to expire in 2025. If passed, this bill would extend the tax credits and further support the development of hydrogen and fuel cell technologies in the United States. Let’s give a round of applause to these Representatives for their remarkable leadership and commitment to advancing hydrogen and fuel cell technologies.
Read more here: https://larson.house.gov/media-center/press-releases/larson-panetta-tenney-introduce-bipartisan-legislation-further-clean