Press Releases / Advanced Manufacturing
Amid Today’s Treasury Guidance for Clean Manufacturing Investments, New Map and Analysis Reveals Gaps to Be Filled in Clean Energy Supply Chains
Today the U.S. Department of the Treasury issued guidance that will shape the first portion of $10 billion in funding for clean manufacturing under Section 48C of the federal tax code, also known as the Advanced Energy Project Credit. The Inflation Reduction Act revived and extended this section of the tax code to invest in the establishment and expansion of manufacturing facilities that produce clean energy technologies and reduce industrial emissions. Following the Treasury announcement, the BlueGreen Alliance released the following statement by Vice President of Manufacturing and Industrial Policy Ben Beachy.