Permascand USA, Inc. has been granted a significant award of $13.7 million in tax credit by the US Department of Energy for their project in Houston, Texas, focused on manufacturing high performance electrodes essential for clean hydrogen production. This project, selected in the DOE's Qualifying Advanced Energy Project Credit (§ 48C) program's second round, aims to contribute to the global green transition by providing electrochemical solutions. Permascand's CEO, Fredrik Herlitz, expressed pride in receiving this support, emphasizing the company's dedication to clean energy objectives. The project not only leverages Permascand's technological expertise but also aims to create employment opportunities while supporting the DOE's initiative to drive down the cost of hydrogen. The § 48C tax credit program seeks to enhance US industrial competitiveness and promote clean energy supply chains as part of the nation's shift towards a net-zero economy. By focusing on decarbonization and clean hydrogen production, the program supports the manufacturing of key components like electrolyzers and fuel cells. Permascand's successful proposal signifies their commitment to advancing clean energy technologies and contributing to a sustainable future.