Domestic Fuel

FuelCell Energy is calling for support of a bill that would improve the infrastructure for fuel cells and hydrogen. The Fuel Cell and Hydrogen Infrastructure for America Act was introduced by U.S. Congressman John B. Larson and U.S. Senator Richard Blumenthal. The goal of the legislation is to accelerate the adoption of stationary fuel cell power and generation and hydrogen energy infrastructure. In addition, the bill would also help support domestic manufacturing of the fuel cell industry.

Earlier this week, Congressman Larson and Senator Blumenthal along with U.S. Congressman Chris Murphy visited the Torrington, Connecticut production facility of FuelCell Energy where the legislation was announced.

“The kind of work being done here at FuelCell Energy to provide highly efficient on-site power generation is exactly the kind of work we should be seeing more of to help move us to a stronger future,” said Congressman Larson. “I look forward to continuing my work with the delegation to improve federal incentives for this sustainable, American technology. It’s good for our economy here in Connecticut and for the energy security of the Nation.”

The Fuel Cell and Hydrogen Infrastructure for America Act creates a tiered investment tax credit (ITC) to reward highly efficient stationary fuel cell power plants utilizing a combined heat and power (CHP) configuration. There is already a tax credit in place that provides 30 percent tax credit for stationary fuel cell power plants operating with at least a 30 percent efficiency. The new piece of legislation would increase the tax credit to 40 percent for fuel cell power plants achieving at least 60 percent efficiency. It also increases the tax credit even higher to 50 percent for fuel cell power plants achieving at least 70 percent efficiency.

“Fuel cell technology and energy can create jobs and enhance our state economy as well as free America from dependence on foreign oil — a huge win-win for everyone,” Senator Blumenthal added. “I am proud to introduce this bill modeled on Congressman Larson’s measure, which promises major benefits to Connecticut companies, helping to make our state the fuel cell capital of the world.”