Permascand USA, Inc., based in LJUNGAVERK, Sweden, has been granted a $13.7 million tax credit by the US Department of Energy through the § 48C program to support clean energy manufacturing. The project involves establishing a new manufacturing facility in Houston, Texas, for producing high performance electrodes using both new and recycled materials. These electrodes play a crucial role in clean hydrogen production, a key aspect of the green energy transition. Permascand's CEO, Fredrik Herlitz, expressed pride in receiving this support and emphasized their commitment to providing electrochemical solutions for global sustainability. The selection of Permascand's proposal among 140 projects in the second round of the program highlights their strong technology development capabilities. By leveraging their expertise in advanced technologies and machinery, the project aims to contribute to lowering the cost of hydrogen production and supporting the DOE's initiatives. The § 48C tax credit program aims to enhance US industrial competitiveness, promote clean energy supply chains, and facilitate the transition to a net-zero economy. Clean hydrogen is a focal point of this initiative, covering the manufacturing of various components essential for hydrogen production. The allocation of $6 billion in tax credits for this round underscores the government's commitment to accelerating investments in manufacturing critical clean energy products. Permascand's involvement in this program not only signifies their technological prowess but also their dedication to advancing sustainable solutions.