Pennsylvania Governor Josh Shapiro has announced an ‘all-of-the-above’ energy plan to bolster the state’s industry, $49m in hydrogen tax credits annually.
Announced at Pittsburgh International Airport, where Keystate and CNX Resources plan to accelerate hydrogen and sustainable aviation fuel (SAF) production through a proposed $1.5bn partnership, Shapiro said the plan would incentivise the construction of new energy projects.
“Pennsylvania has long been a national energy leader,” he said. “But right now, we’re letting other states outcompete us and we’re losing out on jobs, new investment and innovation – this has to change.”
The Lightning Plan, developed with labour unions, the energy industry, and environmental groups, will fund new projects through an updated manufacturing tax credit and streamlined energy project approvals.
Regional clean hydrogen projects will be able to secure up to $49m annually in tax credits through the Pennsylvania Economic Development for a Growing Economy (PA EDGE) scheme.
SAF producers who make a $250m capital investment and create 400 jobs at an SAF facility can earn up to $15m per year.
Other measures include reforming the state’s electricity grid to drive forward nuclear and renewable electricity.
Pennsylvania is a key beneficiary of the Biden Administration’s $8bn hydrogen hubs programme. Two hubs involving the state are planned for a combined $1.67bn in funding from the scheme.
However, following President Trump’s suspension of funding from Biden-era climate legislation on January 20, Shapiro will be looking to ensure his state can still bolster new manufacturing and energy jobs.
Representative Rob Matzie, stressed, “Clean energy doesn’t take away – it adds and Pennsylvania’s workforce is second to none.”
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