Electric Hydrogen (EH2) has been awarded an $18.3m tax credit from the Inflation Reduction Act’s (IRA) 48C initiative for its 1.2GW PEM electrolyser factory.
Set for construction in Devens, Massachusetts, the factory is planned to use “proven” manufacturing frameworks for successfully scale industries, running with low-cost and high throughput production lines.
Backed by the likes of Bill Gates’ Breakthrough Energy, Microsoft, Amazon, Equinor and more, EH2 is aiming to deliver fully integrated 100MW electrolyser plants to produce the “lowest cost green hydrogen on Earth.”
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