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While visiting FuelCell Energy Inc. in Torrington, Conn., Rep. John Larson, D-Conn., and Sen. Richard Blumenthal, D-Conn., announced they will introduce legislation aimed at improving fuel cell and hydrogen energy infrastructure and increasing federal incentives for the use of fuel cell technology.

According to FuelCell Energy, Larson's legislation, The Fuel Cell and Hydrogen Infrastructure for America Act of 2012, would create a tiered investment tax credit (ITC) to reward highly efficient stationary fuel cell power plants utilizing a combined heat and power configuration.

The ITC currently provides a tax credit of 30% for stationary fuel cell power plants with at least 30% efficiency. Larson's legislation would increase the tax credit to 40% for fuel cell power plants achieving at least 60% efficiency and increase the tax credit to 50% for fuel cell power plants achieving at least 70% efficiency.

"Our economic recovery depends on smart, forward-thinking investments that will help us build a stronger future for everyone. That's why I'm excited about the potential of fuel cells and hydrogen energy,” said Larson.

Blumenthal will be introducing a companion bill in the U.S. Senate.

"Fuel cell technology and energy can create jobs and enhance our state economy as well as free America from dependence on foreign oil - huge win-win for everyone," Blumenthal said. "I am proud to introduce this bill modeled on Congressman Larson's measure, which promises major benefits to Connecticut companies, helping to make our state the fuel cell capital of the world."










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