ArcelorMittal: secures $280 million in tax credits in Calvert
The U.S. Department of Energy (DOE) has defined electrical steel as a critical energy material in its 2023 Critical Materials Assessment.
To support this clean energy project, ArcelorMittal Calvert received $280.5 million in investment tax credits from the U.S. Internal Revenue Service (IRS) under the Qualifying Advanced Energy Project Credit (48C) program, designed to support secure and resilient domestic clean energy supply chains.
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