Fuel cell companies in Connecticut stand to benefit from President Donald J. Trump’s “One Big Beautiful Bill Act,” which restores tax incentives for the fuel cell industry.
Danbury-based FuelCell Energy Inc. President Jason Few said Monday morning that the budget bill offers direct support for the industry, including reinstating the Investment Tax Credit, which makes fuel cell property eligible for a flat 30% tax credit.
The credit was phased out at the end of 2024.
“The ‘One Big Beautiful Bill Act’ is a landmark for American energy leadership — and it’s time to set the record straight: clean energy was not sidelined,” Few said. “In fact, the bill includes direct, powerful provisions that support the fuel cell industry and reinforce the United States’ position as a global leader in data center infrastructure and grid resilience.”
The bill has been criticized by environmentalists because it eliminates tax credits and incentives established under the Inflation Reduction Act for wind, solar and electric vehicles.
Few also stressed the importance of preserving the transferability of federal tax credits, calling it “very important — especially for small- and mid-sized companies — to maintain the ability to monetize these credits.”
FuelCell Energy also said it supports Congress’ decision to modify hydrogen provisions in the bill, “ensuring stability for companies that have already made significant investments in hydrogen.”
The bill extends the deadline for companies to obtain the Section 45V clean hydrogen production credit from Dec. 31, 2025, to Jan. 1, 2028, giving them more time to initiate projects.
“We recognize that many companies have made significant investments in hydrogen,” Few said. “Congress made the right call in ensuring that those investments are not undermined by sudden policy shifts. That kind of stability is essential for long-term innovation.”
