"Transforming Heavy Industries: Biden-Harris Administration's $6 Billion Decarbonization Investment"

The Biden-Harris Administration has announced $4 billion in tax credits to support over 100 American-made clean energy manufacturing, critical minerals, and industrial decarbonization projects across 35 states, with a focus on bolstering domestic supply chains, lowering costs, and creating good-paying American jobs. The tax credits, funded by President Biden’s Inflation Reduction Act, aim to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities, with $1.5 billion allocated for projects in historic energy communities. The program received significant interest from industry, with selected projects required to meet prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.