While solar, wind and electric vehicle (EV) industry members are decrying the loss of Inflation Reduction Act (IRA) tax credits as a result of President Trump’s so-called “Big Beautiful Bill,” one technology stands to gain from the measure: fuel cells.
Fuel cell microgrids could benefit from the new law, especially to provide power for data centers, said Jason Few, president and CEO of FuelCell Energy. That’s because microgrids could include fuel cells along with storage–which retains the Investment Tax Credit (ITC) under the law–and other distributed energy resources to help meet peak demand.
Section 48E of the domestic policy law provides IRA tax credits for hydrogen and fuel cells–previously not eligible for the credits because of the potential to use carbon-emitting natural gas, Few said. The company expects to receive a 40% ITC on its projects, which includes a 10% bonus because 85% of the company’s materials are sourced in the U.S.
The law also kept intact the direct pay provisions of the IRA, which allow nonprofits and companies with low tax burdens to receive direct payments instead of credits for fuel cell investments. The domestic policy bill also retained the ability to transfer ITC credits to entities with larger tax appetites.
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