Tax credit for Connecticut fuel cell manufacturers announced

Senator Chris Dodd announced Senate passage of legislation that includes an eight-year extension of the Investment Tax Credit (ITC) that will benefit Connecticut fuel cell manufacturers. The long-term extension, which was approved by the Senate Wednesday night as part of a package of tax extensions, will provide these Connecticut companies with the financial security they need to make long range plans, increase their investments, and add even more well-paying jobs. The following Connecticut companies will benefit from the ITC extension:
- FuelCell Energy, Danbury/ Torrington
- GenCell Corporation, Southbury
- Proton Energy Systems, Wallingford
- UTC Power, South Windsor
- Infinity Fuel Cell and Hydrogen, LLC, Windsor

“Connecticut has been a pioneer in the advancement of fuel cell technology and stands at the forefront of a new 21st century energy policy,” said Dodd. “As many companies across America are eliminating jobs in the face of economic downturn, this tax credit will allow Connecticut companies to expand and create new green collar jobs for Connecticut workers. These clean and renewable energy sources can help end our dependence on foreign oil, reduce emissions, and clean up the environment.”

Source: Fuel Cell Today