The US Departments of Energy and the Treasury announced in February the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the United States.

The Advanced Energy Manufacturing Tax Credit was established by the American Recovery and Reinvestment Act—an economic stimulus package passed in 2009—to support investment in domestic, clean energy, and energy efficiency manufacturing facilities through a competitively awarded 30% investment tax credit. The initial round provided $2.3 billion in credits to 183 projects across the country. The $150 million in tax credits are being made available because they were not used by the previous award recipients.

The program supports manufacturing of a range of clean energy products, from renewable energy equipment to energy efficiency products to advanced energy storage and carbon capture technology. These remaining tax credits will be allocated on a competitive basis. Projects will be assessed by the Department of Energy based on the following criteria: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions.