February 12, 2018 by Preshita Pandey
(Source:NewsTime) The fuel cell industry received a lift last week as the Bipartisan Budget Act of 2018 reinstated the federal fuel cell investment tax credit.Fuel cells were left out of the 2015 tax credit extension in favor of wind and solar energy.The reinstatement drew praise from FuelCell Energy, a Danbury-based manufacturer of fuel cells.“This bi-partisan bill is a smart investment for America’s economy, environment, energy reliability and objectivity in the energy industry,” Chip Bottone, CEO of FuelCell Energy said. “It levels the playing field for American fuel cell manufacturers, enabling us to continue bringing value to the economy by providing ultra-clean, efficient fuel cell solutions.”Bottone said the incentives create jobs, encourage innovation and have a track record of driving clean energy investments. Read full article…
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