The Biden-Harris administration announced today investment tax credits of nearly $336 million under the 48C program would help increase hydrogen facilities for manufacturing equipment.
Being supported by key industry players, major of which are Topsoe, Nel, Cummins, and John Cockerill, and also with emerging companies like Electric Hydrogen and Nuvera.
Table shows allocated funding and descriptions
| Company | Investment Amount (USD) | Sector | Location | Project Description |
| Cummins, Inc. | $10,597,500 | Industrial Decarbonization | Fridley, Minnesota | Investing in large-scale PEM electrolyzer manufacturing and testing for zero-emissions technology at its Fridley, MN plant. Aims to drive cost-effective domestic manufacturing of electrolyzers at commercial scale. |
| Electric Hydrogen Co. | $18,348,108 | Industrial Decarbonization | Devens, Massachusetts | Establishing a Gigafactory in Devens, MA for large-scale production of electrolyzers, aiming to be one of the largest such factories globally. |
| John Cockerill Hydrogen North America | $34,145,868 | Industrial Decarbonization | Baytown, Texas | Setting up its first U.S. based facility for electrolyzer production capable of manufacturing 200 patented 5-megawatt pressurized alkaline electrolyzers per year. |
| Nel Hydrogen | $40,967,343 | Industrial Decarbonization | Plymouth Township, Michigan | Awarded investment tax credits for electrolyser manufacturing expansion in Michigan, aiming to become one of the world’s largest electrode facilities. |
| Topsoe SOEC Production US Inc | $135,900,000 | Industrial Decarbonization | Chester, Virginia | Planning a state-of-the-art factory in Chesterfield, Virginia, to manufacture Solid Oxide Electrolyzer Cell stacks (SOEC), crucial for efficient electrolyzer technology. |
| Nuvera Fuel Cells, LLC | $14,106,057 | Clean Energy and Clean Vehicle Manufacturing | Billerica, Massachusetts | Expanding manufacturing facility at its Billerica, Massachusetts headquarters to meet demand for fuel cell engines, including the design and construction of a pilot-scale production line for next-gen stacks. |
| Ballard Power Systems | $54,002,371 | Clean Energy and Clean Vehicle Manufacturing | Rockwall, Texas | Constructing a new facility in Rockwall, Texas, for automated manufacturing of fuel cell engines, as part of its strategy to meet future market demands and drive down costs. |
| Twelve Benefit Corporation | $28,500,000 | Industrial Decarbonization | Alameda, California | Twelve will design, construct, and deploy a manufacturing facility for its Opus CO2 electrolyzers in Alameda, CA. The Opus units will be used at other Twelve projects to produce power-to-liquid (PtL) sustainable aviation fuel (SAF) and other value-added chemicals. |
Total Funding Amount: Summing up all the investments listed:
- Cummins, Inc.: $10,597,500
- Electric Hydrogen Co.: $18,348,108
- John Cockerill Hydrogen North America: $34,145,868
- Nel Hydrogen: $40,967,343
- Topsoe SOEC Production US Inc: $135,900,000
- Nuvera Fuel Cells, LLC: $14,106,057
- Ballard Power Systems: $54,002,371
- Twelve Benefit Corporation: $28,500,000
Total: $336,567,247
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