Larson, Manufacturers Celebrate Extension of Federal Fuel Cell Tax Credit
East Hartford, CT - Rep. John B. Larson (CT-01) released the following statement after holding a press conference at the Connecticut Center for Advanced Technology (CCAT) in East Hartford, CT highlighting the five-year extension of the fuel cell Investment Tax Credit in the recently enacted Bipartisan Budget Act. He was joined with the leaders of the fuel cell manufacturing community. As a co-founder of the House Hydrogen and Fuel Cell Caucus, Larson has long championed fuel cell technology and was a forceful advocate for extending the fuel cell Investment Tax Credit, having authored past legislation to extend the credit.
“This is a huge win for the manufacturers and workforce that make Connecticut a world-leader in hydrogen and fuel cell technology. The reinstatement of the Investment Tax Credit will provide the industry with the certainty and the level playing field it needs to invest and grow. Fuel cells are a cutting edge energy technology that provides clean, reliable, efficient power that is manufactured right here in Connecticut. Fuel cells are used in all types of applications today from providing electricity to the grid, backup power, forklifts, and vehicles and this technology will continue to grow as we move to a clean energy future,” said Larson.
“Connecticut’s economic growth will depend, to a large extent, on manufacturing and clean power technology,” said Elliot Ginsberg, President and Chief Executive Officer of CCAT. “This action enhances our state’s capacity to be a leader in the fuel cell industry.”
Joel Rinebold, CCAT’s Director of Energy Initiative and board member of the Fuel Cell and Hydrogen Energy Association, pointed out that the Fuel Cell industry is one of state’s the most important energy manufacturing industries with research, advanced manufacturing, and global exports of clean and reliable energy technology.
“Extension of the Investment Tax Credit for fuel cells provides equity and fairness with other clean energy technologies, confidence for project financing, and support for continued research and manufacturing in America,” Rinebold said. “We thank Congressman Larson for his direct leadership and diligence to extend the ITC for fuel cell technology, which keeps clean energy innovation alive and these American jobs in Connecticut.”
“Congressman Larson has been an advocate for the fuel cell industry since he joined the House of Representatives nearly 20 years ago. Connecticut fuel cell manufacturers have him to thank for much of the progress we have made. The extension of the ITC puts fuel cells back on a level playing field with other clean energy technologies and we can’t thank him enough,” said David Giordano of Doosan Fuel Cell America.
“Congressman Larson’s efforts to reinstate the Fuel Cell Investment Tax Credit demonstrates his recognition of the value and innovation of the fuel cell industry. The ITC furthers our mission to deliver clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, creating jobs in CT and creating a cleaner energy future," said Chip Bottone, President and Chief Executive Officer, FuelCell Energy, Inc.
Watch Rep. Larson fight for fuel cells in the Ways and Means Committee here.