Vancouver-based Zinc8 Energy Solutions Inc. has confirmed plans to build its first commercial manufacturing plant—not in Canada, but in the United States, motivated by production credits under the Biden administration’s newly-adopted climate action plan.
“The company chose Ulster County in Upstate New York after Sen. Chuck Schumer (D-NY) personally called the CEO of Zinc8, Ron MacDonald, to urge the company to expand their operations in New York state and particularly to Ulster County,” PV Magazine reports.
The Advanced Manufacturing Tax Credit introduced through the U.S. Inflation Reduction Act will deliver a US$35 tax credit for each battery cell the plant produces through 2029, along with a pool of funding to build clean energy technology factories.
