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November 18, 2024

Inflation Reduction Act (IRA)

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New England Stakeholders Discuss Clean Energy Market Mechanisms
New England energy industry leaders met at the 29th annual New England Energy Conference and Exposition to discuss regionwide clean energy market mechanisms.
KORE Power
LPO Announces $850M Conditional Loan for Ariz. Battery Cell Plant
DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.
Joy Asico/American Council on Renewable Energy
DOE Loans Chief: Industry Ambition ‘Very Low’ to Meet Climate Challenges
The clean energy industry has incentives in the Inflation Reduction Act but lacks ambition, the head of the Department of Energy’s Loan Programs Office said.
DOE
DOE Kickstarts Build-out of Uranium Supply Chain Needed for Advanced Reactors
DOE released RFPs to build a U.S. supply chain for the specialized uranium fuel needed for advanced nuclear reactors — now available only from Russia.
Speaker Kevin McCarthy
Debt Ceiling Bill Provides ‘Mini-deal’ on Permitting
A debt ceiling compromise reached by President Biden and House Speaker McCarthy would cut NEPA review times but would not roll back IRA climate provisions.
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Overheard at NECPUC 75th Annual Symposium
Transmission planning, energy siting and maximizing federal funding highlighted discussions at NECPUC's 75th annual symposium last week.
American Clean Power Association
ACP Finds Renewable Deployments Slowed in Q1
New renewable deployments were down in the first quarter this year as the industry continues to face headwinds, the American Clean Power Association said.
NREL
Biden Veto Upholds 2-year Moratorium on Solar Tariffs
President Biden vetoed a resolution to end the moratorium on solar tariffs imposed on equipment produced in Cambodia, Malaysia, Thailand and Vietnam.
The Coalition for Renewable Natural Gas
Renewable Natural Gas Seen as Pathway to Low-carbon Hydrogen
Using RNG as a feedstock offers hydrogen producers a shortcut to claiming the full federal tax credit created for hydrogen production, industry experts said.
Shutterstock
USDA Announces $10.7B for Rural Clean Energy Projects
USDA announced $10.7 billion in funding from the Inflation Reduction Act to help rural electric cooperatives fund zero-emission and carbon capture projects.

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