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NOVONIX US$103 Million 48C Tax Credits Certified for Synthetic Graphite Facility

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  • The U.S. Government certified NOVONIX's Riverside project in Chattanooga, Tennessee, under the Section 48C Advanced Energy Project Credit Program.
  • The certification validates eligibility for US$103 million in tax credits previously allocated to the company.
  • NOVONIX will receive the tax credits upon placing its first 11,000 tonnes per annum of production in service before April 7, 2028.
  • The allocated tax credits are transferable \& can be sold to third parties.
  • U.S. Representative Chuck Fleischmann \& CEO Mike O'Kronley cited the certification as a vote of confidence in establishing a domestic synthetic graphite supply chain.
  • NOVONIX will continue engineering, materials development, \& financing activities while providing updates on key milestones.
  • The announcement was authorized for release by NOVONIX Chairman Ron Edmonds.