Nel ASA, a hydrogen electrolyser technology company, has been granted an additional USD 29 million in tax credits for its manufacturing expansion in Michigan under the 48C program. This federal initiative supports green technologies, including hydrogen production. The company has a track record of investing in research and development with federal backing to advance their products. Nel ASA has received significant support, totaling close to USD 200 million in tax credits and grants from the state of Michigan and the Department of Energy. While the final decision on the Michigan facility's investment is pending, it hinges on market demand for their advanced electrolyser products, which play a crucial role in decarbonizing various industries.