White House Details Initial Projects Boosted By Clean Manufacturing Credit

The Biden administration is releasing new details about awards under the Inflation Reduction Act’s (IRA) “section 48C” clean manufacturing tax credit, publicizing a list of projects selected for awards across 20 states that would receive roughly $2 billion of the available $10 billion under the program. The April 19 announcement builds upon prior news last month that the Energy Department (DOE) and Treasury Department had selected 100 projects in 35 states to receive $4 billion under the expanded 48C credit,...