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November 18, 2024

Inflation Reduction Act (IRA)

DOE
Can DOE Accelerate US Energy Transition as 2024 Election Looms?

DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.

Shutterstock
Biden Admin. Releases Proposed Rules for Hydrogen Tax Credits
Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
Wood Mackenzie
US Storage Market Sees Strong Growth, Strong Headwinds
Grid- or utility-scale storage continues to be a primary driver of U.S. market growth, jumping 71% from the third quarter of 2022 to the same quarter this year.
Shutterstock
Treasury Releases Guidance on Sustainable Aviation Fuel Tax Credit
The Treasury Department has released guidance on the tax credit for sustainable aviation fuel that offers incentives to fuel that cuts emissions by at least 50% compared to standard jet fuel.
South Fork Wind
Treasury Department Releases Guidance on 45X Credit for Manufacturing
The Treasury Department has released guidance on its 45X tax credit for clean energy manufacturing, which is meant to help spur domestic production of batteries, solar, wind, and minerals.
Shutterstock
Treasury, DOE Issue Proposed ‘FEOC’ Rules for EV Tax Credits

As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.

EVgo
4 Things Cathy Zoi Learned About the Car-charging Business as Head of EVgo
Charging company EVgo has yet to earn a profit. But Cathy Zoi, who headed the company for six years, is bullish on the industry’s future.
Bureau of Land Management
BLM to Consider Changes to Western Transmission Corridors
The Bureau of Land Management is seeking public input on potential changes to about 673 miles of seven designated transmission corridors.
EMC Engineering Services
Treasury Department NOPR Seeks to Clarify IRA’s ITC Rules

The Treasury Department released guidelines for the Inflation Reduction Act’s investment tax credits for clean energy projects.

NCA5 / NOAA
White House Releases Climate Assessment, $6B for Resilience Projects
DOE is opening the second round of funding for its Grid Resilience and Innovation Partnership program, which will offer $3.9 billion from the IIJA for projects that will modernize the grid, increase capacity, and unlock renewable energy resources.

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