Press Releases & Statements / Manufacturing and Industrial Policy
New Treasury Guidance Lays Foundation for Revitalizating US Industry and Manufacturing
The U.S. Treasury Department yesterday released guidance for $10 billion of credits for the advanced energy projects 48C(e) program. The department outlined the goals of the program, including expanding U.S. manufacturing capacity and quality jobs for clean energy technologies; reducing greenhouse gas emissions in the U.S. industrial sector; securing domestic supply chains for critical materials that serve as inputs for clean energy technology production; and driving investments into energy communities.