U.S. Tax Package Bolsters Fuel Cell Industry: Fuelcell Energy CEO Hails Major Breakthrough for Sustainable Energy

Danbury, USA – While the new U.S. tax package, the “One Big Beautiful Bill Act” (OBBBA) introduced by Donald Trump, has worsened the outlook for solar and wind energy, it opens up significant opportunities for the fuel cell sector.

That’s according to Jason Few, CEO of fuel cell company Fuelcell Energy. In a statement, Few praised the OBBBA as a “landmark for American energy leadership.” “Clean energy was not sidelined. In fact, the bill includes direct, powerful provisions that support the fuel cell industry,” said Few.

He specifically highlighted the reinstatement of the Investment Tax Credit (ITC) as crucial for the sector. The option of tax credits enables continued strong support for fuel cell technologies, allowing large-scale deployment of production platforms based in the U.S.

Equally important, he noted, is the maintained transferability of these tax credits. “It’s particularly important for small- and mid-sized companies to maintain the ability to monetize these credits,” Few said. This, in turn, makes project financing easier, paving the way for additional production shifts and new jobs.

Fuelcell Energy CEO Fews also welcomed the revised hydrogen provisions in the OBBBA, which secure investments in this area. Overall, Few views the OBBBA as a key step toward an innovative, U.S.-developed and -led energy policy, particularly relevant for data center infrastructure and grid stability.

Source: IWR Online, 08 Jul 2025