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December 18, 2024

Inflation Reduction Act (IRA)

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.
FERC
FERC Dives into Reliability Implications of EPA’s Power Plant Rule
FERC hosted a senior EPA staffer and heard from the industry and states on how the environmental regulator's latest proposal to cut carbon emissions from  power plants will impact grid reliability as it is implemented.
GSA
GSA to Invest $2B in Low-carbon Building Materials
The General Services Administration announced it will be spending over $2 billion in funds from the Inflation Reduction Act on low-carbon construction materials for repairs and upgrades on more than 150 federal buildings in 39 states, D.C. and Puerto Rico.
ACP
ACP: Solar, Storage Soar in Record-breaking Q3; Wind Sputters

The U.S. grid added a record 5,551 MW of utility-scale solar, wind and storage in the third quarter of 2023, according to a new report released Wednesday from the American Clean Power Association.


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