CONTRACTPENDING

NuPower Fuel Cell Project Tax Incentive

Disclosed value: $4,627,342.80; From agenda
Document date: Jul 1, 2024
Term: 20 years

What it covers

Bridgeport City Council is considering a tax incentive for NuPower Fuel Cell project, aiming to boost renewable energy and increase tax revenue. The project involves a 9.66 MW fuel cell installation with a 20-year fixed tax payment schedule.

Who holds it

Nupower Fuel Cell holds this tax incentive contract with Town of Bridgeport. Its other public contracts on record include work for City of Bridgeport and Housing Authority of the city of Bridgeport.

What happens next

Term as filed: 20 years.

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Contract details

Contract type: Tax Incentive
Amount: $4,627,342.80
Document date: July 1, 2024
Term: 20 years
Vendor: Nupower Fuel Cell
Agency: Town of Bridgeport
Source document: bridgeport-city-council-agenda-tax-incentive-agreements-grant-submissions-july-1-2024_10e.pdf (Agenda)

Nupower Fuel Cell's other public contracts

City of Bridgeport, ConnecticutNuPower Fuel Cell Tax Incentive Deal Considered · Jul 1, 2024Undisclosed City of Bridgeport, IllinoisTax Incentive for NuPower Fuel Cell Project · Jul 1, 2024$4.6M City of Bridgeport, OklahomaNuPower Fuel Cell: Tax Incentive Agreement Approved · Jul 1, 2024Undisclosed Housing Authority of the city of Bridgeport, ConnecticutNuPower Fuel Cell Eyes $4.6M Bridgeport Tax Deal · Jul 1, 2024$4.6M City of Bridgeport, WashingtonNuPower Fuel Cell Project Tax Incentives · Jul 1, 2024Undisclosed All Nupower Fuel Cell contractsVendor profile

More Town of Bridgeport contracts

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Questions about this contract

Who was awarded the tax incentive contract by Town of Bridgeport?

Nupower Fuel Cell was awarded this tax incentive contract by Town of Bridgeport, as recorded on July 1, 2024. The contract value is $4,627,342.80.

How much is the Nupower Fuel Cell contract with Town of Bridgeport worth?

The Nupower Fuel Cell contract with Town of Bridgeport is valued at $4,627,342.80, covering tax incentive work.

What type of contract is this?

This is a Tax Incentive contract, documented as a agenda record.

Where was this contract approved?

This contract appears in bridgeport-city-council-agenda-tax-incentive-agreements-grant-submissions-july-1-2024_10e.pdf (Agenda), dated July 1, 2024 from Town of Bridgeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nupower Fuel Cell hold?

Nupower Fuel Cell may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Bridgeport currently buying?

Explore Town of Bridgeport's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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