CHATTANOOGA, Tenn. — A major battery materials project planned for Chattanooga has cleared a key federal hurdle, positioning it to receive millions in tax credits tied to expanding the U.S. supply chain for critical minerals.
NOVONIX Limited announced Friday that the U.S. government has certified its Riverside project in connection with the US$103 million in tax credits previously allocated under the federal Section 48C Advanced Energy Project Credit Program.
“This certification from the Trump administration is the latest vote of confidence in a mission that has always been bigger than politics. I’m proud that building America’s critical mineral supply chain begins right here at home, in Chattanooga, Tennessee,” U.S. Rep. Chuck Fleischmann says…