Ballard Power Systems receives $54M tax credits for a 3-gigawatt fuel cell factory in Texas under the US Inflation Reduction Act, aimed at zero-emission transportation.
Ballard Power Systems, a Canadian firm, is moving forward with plans to establish a 3-gigawatt fuel cell factory in Texas. The company has been awarded $54 million in investment tax credits under the US Inflation Reduction Act (IRA) for its Gigafactory in Rockwall, Texas. The factory aims to produce zero-emission fuel cell buses, trucks, and locomotives, as well as support secure and resilient domestic clean energy supply chains.
April 01, 2024
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