When the Inflation Reduction Act (IRA) of 2022 was passed, one of the cornerstones of the $369 billion set aside for climate and energy spending is the Investment Tax Credit (ITC). The U.S ...
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They emphasized that these “energy tax credits have spurred innovation, incentivized investment, and created good jobs ...
Plug Power (PLUG) boosted its liquidity by approximately $30M through the transfer of the Federal Investment Tax Credit on January 24, 2025, to ...
“Plug is leveraging tax credit transferability to offset a portion of our investment in our hydrogen plants, which will provide liquidity and reduce future fuel costs,” explained Plug CFO Paul ...
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