Senator Chris Dodd (D-CT) today announced Senate passage of legislation that includes an eight-year extension of the Investment Tax Credit (ITC) that will greatly benefit Connecticut fuel cell manufacturers.  The long-term extension, which was approved by the Senate last night as part of a comprehensive package of tax extensions, will provide these Connecticut companies with the financial security they need to make long range plans, increase their investments, and add even more well-paying jobs.   

“Connecticut has been a pioneer in the advancement of fuel cell technology and stands at the forefront of a new 21st century energy policy,” said Dodd.  “As many companies across America are eliminating jobs in the face of economic downturn, this tax credit will allow Connecticut companies to expand and create new green collar jobs for Connecticut workers. These clean and renewable energy sources can help end our dependence on foreign oil, reduce emissions, and clean up the environment.”

Fuel cells use hydrogen and oxygen to generate electricity with very low emissions of greenhouse gases and virtually no other pollutants.  They can be used to power buildings and vehicles and are widely used in military and space travel applications because of their reliability and efficiency.

The following Connecticut companies will benefit from the ITC extension: 

FuelCell Energy, Danbury/ Torrington

GenCell Corporation, Southbury

Proton Energy Systems, Wallingford

UTC Power, South Windsor

Infinity Fuel Cell and Hydrogen, LLC, Windsor 

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