We are concerned with the lack of flexibility in the proposed rule in the Administration’s proposal on 45V guidance for the clean hydrogen PTC.
Tax equity is a predominant source of financing in the U.S. renewable energy market, and it is critical that federal agencies clarify its risk weight.
Projections show the Section 45X manufacturing tax credit will help spur billions of dollars in new economic activity over its life.
The U.S. Treasury Department has released preliminary guidance on the Section 48 Investment Tax Credit, which was expanded under the Inflation Reduction Act (IRA) to include new credits for fast-growing technologies such as offshore wind, battery storage, and microgrid controllers.
Like our interstate system, enacting sound policies that deliver a 21st century grid and spur interregional transmission development will drive tremendous economic benefits, increase resilience and national security operations, and maximize the ability to deliver affordable and reliable energy when we need it most. Given the nation’s aging grid infrastructure and our growing need for energy, there is no time to waste.
On August 16, 2022, President Biden signed the largest climate bill in American history – the Inflation Reduction Act (IRA) – into law, a landmark investment of $369 billion in climate and clean energy programs.
The landmark bill has transformed sentiment among investors and developers to U.S. renewable energy but also laid bare challenges yet to be met, writes Gregory Wetstone.
The Senate Committee on Appropriations approved the 2024 Energy and Water Development Appropriations Act today which determines funding levels for the Department of Energy (DOE) and other federal agencies.
The House Committee on Appropriations approved a Fiscal Year 2024 Energy and Water Development spending bill last night that would decimate Department of Energy (DOE) funding for clean energy and grid deployment.
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released guidance today on two key provisions in the Inflation Reduction Act (IRA), transferability and direct pay.