Lancium Statement on Signing of the Inflation Reduction Act

Lancium, Inc., an energy technology and infrastructure company that advances the decarbonization and stability of the electric power grid, today released the following statement regarding the signing of the landmark Inflation Reduction Act, which contains provisions encouraging the further development of wind, solar, and hydrogen energy sources. Michael McNamara, co-founder and Chief Executive Officer of Lancium, stated:

“Today’s enactment of the Inflation Reduction Act increases America’s energy security, supports the continued decarbonization of the power grid, and will help to create thousands of jobs in communities across our country. As the amount of clean energy generated from renewables on the power grid grows, Lancium is committed to working with stakeholders to help increase the flexibility and reliability of the power grid.”