novonix-to-receive-$103-million-in-tax-credits-to-support-production-of-critical-battery-materials-in-tennessee.

NOVONIX to receive $103 million in tax credits to support production of critical battery materials in Tennessee.

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Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee. The 48C tax credit is designed to incentivize clean energy property manufacturing, industrial decarbonization, and critical materials processing, refining and recycling in the US. Under the IRA, a Qualifying Advanced, Read More