Nel ASA: Additional USD 29 million in tax credits for manufacturing expansion in Michigan
Nel ASA has been awarded up to USD 29 million in additional investment tax credits for its planned manufacturing expansion in Michigan through the Qualifying Advanced Energy Project Tax Credit (48C) program. The tax credits, funded by the Inflation Reduction Act and managed by multiple US federal departments, represent 30% of qualifying investments and are subject to wage and apprenticeship requirements.
The company has now accumulated nearly USD 200 million in total support, including tax credits and grants from Michigan state and the Department of Energy. However, the final investment decision for the Michigan facility has not been made, and the project's execution depends on market demand.
Nel ASA ha ricevuto fino a 29 milioni di USD in crediti d'imposta per investimenti aggiuntivi per la sua prevista espansione produttiva in Michigan attraverso il programma di Credito d'Imposta per Progetti Energetici Avanzati Qualificati (48C). I crediti d'imposta, finanziati dalla Legge sulla Riduzione dell'Inflazione e gestiti da diversi dipartimenti federali statunitensi, rappresentano il 30% degli investimenti qualificabili e sono soggetti a requisiti salariali e di apprendistato.
L'azienda ha ora accumulato quasi 200 milioni di USD in supporto totale, inclusi crediti d'imposta e sovvenzioni dallo stato del Michigan e dal Dipartimento dell'Energia. Tuttavia, la decisione finale sull'investimento per l'impianto del Michigan non è stata ancora presa, e l'esecuzione del progetto dipende dalla domanda di mercato.
Nel ASA ha sido premiado con hasta 29 millones de USD en créditos fiscales de inversión adicionales para su expansión de fabricación planificada en Michigan a través del programa de Crédito Fiscal para Proyectos de Energía Avanzada Calificados (48C). Los créditos fiscales, financiados por la Ley de Reducción de la Inflación y gestionados por varios departamentos federales de EE. UU., representan el 30% de las inversiones calificadas y están sujetos a requisitos salariales y de aprendizaje.
La empresa ha acumulado casi 200 millones de USD en apoyo total, incluidos créditos fiscales y subvenciones del estado de Michigan y del Departamento de Energía. Sin embargo, la decisión final de inversión para la instalación de Michigan no se ha tomado, y la ejecución del proyecto depende de la demanda del mercado.
Nel ASA는 미시간에서 계획된 제조 확장을 위해 2,900만 USD의 추가 투자 세액 공제를 수여받았습니다. 이는 자격 있는 고급 에너지 프로젝트 세액 공제(48C) 프로그램을 통해 이루어진 것입니다. 이 세액 공제는 인플레이션 감소 법에 의해 자금 지원되며, 미국 연방 부서들이 관리하고 있습니다. 자격 있는 투자액의 30%를 대표하며, 임금 및 수습 요건의 적용을 받습니다.
회사는 현재 미시간 주와 에너지 부서로부터 세액 공제 및 보조금을 포함하여 거의 2억 USD의 총 지원금을 누적하였습니다. 그러나 미시간 시설에 대한 최종 투자 결정은 아직 내려지지 않았으며, 프로젝트의 실행은 시장 수요에 달려 있습니다.
Nel ASA a reçu jusqu'à 29 millions USD en crédits d'impôt supplémentaires pour investissement pour son projet d'extension de fabrication prévu dans le Michigan, grâce au programme de Crédit d'Impôt pour Projets Énergétiques Avancés Qualifiés (48C). Les crédits d'impôt, financés par la Loi sur la Réduction de l'Inflation et gérés par plusieurs départements fédéraux américains, représentent 30 % des investissements éligibles et sont soumis à des exigences salariales et de formation.
L'entreprise a maintenant accumulé près de 200 millions USD de soutien total, y compris des crédits d'impôt et des subventions de l'État du Michigan et du Département de l'Énergie. Cependant, la décision finale d'investissement pour l'installation du Michigan n'a pas encore été prise, et l'exécution du projet dépend de la demande du marché.
Nel ASA wurde bis zu 29 Millionen USD an zusätzlichen Investitionssteuergutschriften für die geplante Fertigungserweiterung in Michigan im Rahmen des Programms Qualifying Advanced Energy Project Tax Credit (48C) gewährt. Die Steuergutschriften, die durch das Gesetz zur Inflationsreduzierung finanziert und von mehreren US-Bundesbehörden verwaltet werden, repräsentieren 30% der förderfähigen Investitionen und unterliegen Lohn- und Ausbildungsanforderungen.
Das Unternehmen hat nun insgesamt fast 200 Millionen USD an Unterstützung erhalten, einschließlich Steuergutschriften und Zuschüssen vom Bundesstaat Michigan und vom Energieministerium. Die endgültige Investitionsentscheidung für die Einrichtung in Michigan wurde jedoch noch nicht getroffen, und die Umsetzung des Projekts hängt von der Marktnachfrage ab.
- Secured USD 29 million in additional tax credits for Michigan expansion
- Accumulated nearly USD 200 million in total government support
- Tax credits represent 30% of qualifying investments
- Final investment decision not yet taken
- Project execution contingent on market demand
The 48C program is funded by the Inflation Reduction Act and managed by the US Department of Energy, the US Department of Treasury, and the Internal Revenue Service. A fully owned subsidiary of Nel ASA has now secured up to about
"Nel has a long history of investing in R&D and commercializing advancements co-supported by federal funding, creating confidence in Nel's ability to manufacture and deliver products to the field. Nel appreciates this continued support from Department of Energy in scaling up manufacturing capability of our advanced electrolyser products," says Kathy Ayers, Vice President, Research and Development of Nel.
Accumulated, Nel has now secured close to
For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen electrolyser technology company with a global presence. The company specializes in Alkaline and PEM technology for production of renewable hydrogen. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.
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SOURCE NEL ASA
FAQ
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