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🔋 After much anticipation, the U.S. Department of the Treasury and Internal Revenue Service published supplemental guidance last week on how renewable energy and battery storage project owners can qualify for the federal 10% domestic content bonus tax credit in the Inflation Reduction Act. We commend the Biden administration for issuing the supplemental guidance, especially the high value it places on domestically manufactured battery cells and the establishment of two optional pathways owners can use to demonstrate compliance. As a result, it is expected to spur further investment in U.S. manufacturing and continue to foster strong demand for domestically produced battery-based energy storage systems – including from Fluence. In our latest blog article, Suzanne Leta, Fluence’s VP of Policy and Advocacy for our Americas region, discusses key takeaways from the updated guidance, including how Fluence remains positioned as one of the first companies capable of providing customers with energy storage products that qualify for the domestic content bonus. Expert Deep Dive: IRA Domestic Content Bonus Supplemental Guidance: https://bit.ly/4ayf9jp #inflationreductionact #cleanenergy

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