Electric Hydrogen Co. (48C Self-Disclosed)

Electric Hydrogen is leveraging American innovation and manufacturing expertise to produce its product at industrial scale with the establishment of its Gigafactory in Devens, MA. This facility will be among the largest electrolyzer factories in the world, providing U.S. green hydrogen developers with high-performance, domestically manufactured electrolyzers at lower cost than Chinese produced systems. Once fully ramped to its 1.2 GW per year capacity, the gigafactory's stacks will generate enough green hydrogen to eliminate up to 2.4 million metric tons of carbon dioxide emissions per year. The Devens gigafactory's first electrolyzer stacks will be shipped later this year to a customer-sited project in southeast Texas.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.