The U.S. Department of the Treasury and the IRS have approved $6 billion in tax credits for the 48C Qualifying Advanced Energy Project Tax Credit program. This funding will support over 140 projects in more than 30 states, focusing on clean energy manufacturing, critical materials processing, and industrial decarbonization. Highlights of this allocation include investments in clean energy manufacturing, critical materials recycling, and industrial decarbonization. $3.8 billion will go towards manufacturing energy-intensive materials, including hydrogen technologies, grid components, electric vehicle parts, and more. Additionally, $1.5 billion will be invested in critical materials recycling and processing, while $700 million will support industrial decarbonization technologies like heat pumps and electric boilers. These projects are expected to remove 2.8 million tons of CO₂ emissions annually. The 48C program, expanded under the IRA with a $10 billion investment, aims to enhance U.S. clean energy manufacturing, boost domestic critical materials processing, improve industrial efficiency, and decrease greenhouse gas emissions. The demand for 48C tax credits in Round 2 surpassed availability, with over 800 concept papers submitted amounting to $40 billion in tax credit requests. The program will create 30,000 construction jobs over four years, with 10,000 in energy communities. Recipients must meet certification and operational milestones to receive the tax credit. The program will provide details of certified projects once requirements are met.