Battery Tax Credits for Manufacturers and Sellers in USA

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Saltwater Redox Flow Battery Technology Report Salgenx has released its Saltwater Redox Flow Battery Technology Report, a pivotal resource that delves into the century-old technology recently validated by a $7 million US Military investment and experiments by the Pacific Northwest Laboratory. More Info

Our new cathode materials can do the following: • Self-healing electrode • Self-optimizing material • While charging, the system will automatically enhance itself and build conductivity. This system is revolutionary, and the only type of battery that can accomplish these tasks automatically while in use.

Manufacturing Licensing Now Available Price based on cathode material. Now discovering high surface area clays as potential cathode material lowering cost of deployment. Verified working as of 5 July 2024. More Info

$1.2 Billion in Pre-Orders Available For the first license builders, there are about 2000 available S3000 orders waiting to be built and sold.

Licensing for Manufacturing Rolling Licensing Starting at $250,000 More Info

Tax Credits for Manufacturers and Sellers in USA which may be sold to unrelated party Salgenx S3000 (3,000 kW) Commercial Flow Battery: $35 x 3,000 kW = $105,000 per unit sold Salgenx S6000 (6,000 kW) Commercial Flow Battery: $35 x 6,000 kW = $210,000 per unit sold Utility Scale Flow Battery Bank: $35 x 6,000 kW x 100 = $21,000,000 Note: The credit would apply to components produced now, and would begin to phase out starting in 2030. Access: Electrochemical cell comprised of one or more positive electrodes and one or more negative electrodes, with an energy density of not less than 100 watt-hours per liter (.1 kW/L), and capable of storing at least 20 watt-hours of energy. Section 45X of the IRA which covers the Advanced manufacturing production credit. For makers of battery cells, it provides for $35 per kilowatt-hour (kWh) Inflation Reduction Act of 2022 – New Tax Credits for Manufacturers of Clean Energy Equipment Tax Credits Transfer of Credits

Monetize the Tax Credit

Monetize the Tax Credit Manufacturers can also monetize the tax credit through a direct payment from the Internal Revenue Service (IRS) is lieu of a credit against their taxes due, or opt to transfer the credit, as described below: Direct pay option: Manufacturers can receive a refund for 45X MPTC tax credits for the first five years they are claimed, though are still subject to the 2033 credit sunset. The five-year limitation does not apply if the manufacturer is a tax-exempt organization (i.e. non-profit), state, municipality, the Tennessee Valley Authority, Indian Tribal government, any Alaskan Native Corporation, or any rural electric cooperative. A penalty of 20% may apply where excess payments occur.[3] Transfer of credit: Manufacturers may also elect to transfer all, or a portion, of the tax credits for a given year to an unrelated eligible taxpayer. Payments for the credit must be made in cash and are not considered a taxable event (i.e. no taxes are owed on receiving the payment and no deduction is possible for making the payment). A penalty of 20% may apply where excess credits occur.[4] [3] H.R.5376 – Inflation Reduction Act of 2022, Section 6417. Taxpayers may elect to stop receiving direct payments in subsequent years, however, once stopped, they cannot go back to direct payments. [4] H.R.5376 – Inflation Reduction Act of 2022, Section 6418. The transferee cannot further transfer any credits it received in the transfer. Monetize the tax credit (pdf page download) EnergyGov: Monetize the tax credit for manufacturing batteries

S3000 Tax Credits for Salgenx Salt Water Flow Battery valid Until 2029

S3000 Tax Credits for Salgenx Salt Water Flow Battery

S3000 Tax Credits 3,000 kW (3 MW) Infinity Salt Water Flow Battery Technology. Tax credits may be generated and used by the manufacturer and seller of the battery, or sold to a unrelated party. Partial credits for assembly only from USA components. Valid January 1st, 2023 until 2029. S3000 Tax Credits (pdf page download) EnergyGov: Monetize the tax credit for manufacturing batteries

S6000 Tax Credits for Salgenx Salt Water Flow Battery Valid until 2029

S6000 Tax Credits for Salgenx Salt Water Flow Battery

S6000 Tax Credits 6,000 kW (6 MW) Infinity Salt Water Flow Battery Technology. Tax credits may be generated and used by the manufacturer and seller of the battery, or sold to a unrelated party. Partial credits for assembly only from USA components. Valid January 1st, 2023 until 2029. S6000 Tax Credits (pdf page download) EnergyGov: Monetize the tax credit for manufacturing batteries

TES or Thermal Batteries may have a USA 30-40 Percent Tax Credit or $45 per kWh A Salgenx 3,000 kWh Energy Battery, while used as a TES (Thermal Energy Storage) at 60 C could have a potential up to 24,000 liters of saltwater thermal capacity or 1,635.9 kWh. Now multiply that with the proposed $45/kWh = $73,616 tax credit. The Electrical storage tax credit is $35/kWh x 3,000 kWh = $105,000. Graphene Coated Sand Batch Kiln by Infinity Turbine for Aggregate to make Concrete. Using a TES integrated with the Salgenx Saltwater Battery can be integrated into a Graphene processor for the construction industry. IRS Section 45X Advanced Manufacturing Production Credit Graphene Coated Sand Aggregate Kiln For use to make coated aggregate for concrete with higher strength and lower weight in non-structural applications. Graphene Coated Sand Applications