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July 23, 2024

Inflation Reduction Act (IRA)

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.
Constellation Energy
Constellation CEO: Nuclear PTC Could Extend Reactors’ Life to 80 Years
Constellation says the IRA's tax credits for nuclear could boost its profits by $100 million per year and help extend the life of its reactors to 80 years.
Shutterstock
Biden to Veto Bipartisan Rollback of Solar Tariff Moratorium
Biden plans to veto a joint resolution rolling back a two-year moratorium on tariffs on solar panels and cells from four Southeast Asian countries.
NextEra
Report: Energy Storage Would Save Indiana Utilities $73M
Three Indiana utilities could save customers a combined $73 million if they ditched plans to build new gas plants and invested in battery storage, report says.
© RTO Insider LLC
Geothermal Heat Pump Industry Flush with Potential
Boosted by new tax credits and growing momentum toward decarbonizing buildings, the 2023 NY-GEO Conference was nearly standing-room only.
David Maiolo, CC BY-SA-3.0, via Wikimedia
Congressional Republicans Seek Changes to Biden’s Energy Policies
Congressional Republicans stepped up attacks on the Biden Administration's energy policies this week, attempting to leverage the debt ceiling to force change.
Senate EPW Committee
Permitting Delays, Inflation Put Double Whammy on IIJA and IRA
Successful implementation of the funding bills may hinge on Congress’ ability to put politics aside and hammer out legislation to streamline federal permitting.

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