Plug Power Intends To Recognize Benefits Of Inflation Reduction Act's Section 45V Credit For Production Of Clean Hydrogen In Its Forthcoming Quarterly Financial Reports
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Plug Power plans to leverage the Inflation Reduction Act's Section 45V credit for clean hydrogen production in its upcoming quarterly financial reports. The company aims to utilize this framework to enhance its hydrogen generation facilities across the U.S.
June 28, 2024 | 11:07 am
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Plug Power plans to leverage the Inflation Reduction Act's Section 45V credit for clean hydrogen production in its upcoming quarterly financial reports. This move is expected to support the company's development and operation of hydrogen generation facilities across the U.S.
The Section 45V credit is designed to support clean hydrogen production, which aligns with Plug Power's business model. Utilizing this credit will likely improve the company's financial performance and support its expansion plans, positively impacting its stock price.
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