Final 45V rules provide important clarifications and additional flexibility which will allow many hydrogen producers to claim 45V credits, both for electrolytic and methane-based hydrogen, but also impose new hurdles in...more
First, a quick and brief reminder on the IRA and the monetization techniques. The IRA expanded upon existing energy tax credits (and other tax incentives) and introduced new ones. And critically, the IRA also brought to life...more
“Halfway through 2023 and we find ourselves in gripping times as the offshore wind market further grows—within the ‘first’ home regions and beyond. Along with these developments, not the least "offshore wind auctions taking...more
Former President Donald Trump has achieved a resounding and historic political comeback, reclaiming the White House four years after his 2020 defeat to President Joe Biden. Now set to serve as the 45th and 47th President,...more
The Inflation Reduction Act of 2022 (IRA) was one of the most significant legislative victories of the Biden administration, fostering tens of billions (USD) in planned clean energy investments, much of this yet to be...more
Final 45X rules provide some important clarifications as to what is considered as produced in the U.S. for components and technical elements for certain components such as solar, battery storage, inverters, wind turbines and...more
Newly issued final EV tax credit rules largely stick to proposed rules with some flexibility on graphite through end of ’26, clarifications on FEOC definitions that could be significant. On May 3, 2024 the Department of the...more
On December 28, 2023 the Environmental Protection Agency (EPA) signed the final rule on the State of Louisiana Underground Injection Control Program; Class VI Primacy, which gave the State of Louisiana oversight over...more
On Friday, December 1, 2023, the U.S. Department of Energy (DOE) and U.S. Department of Treasury concurrently released long-anticipated proposals regarding the “Foreign Entity of Concern” (FEOC) exclusion—a key provision...more
President Joe Biden signed a sweeping executive order on artificial intelligence (AI) spurring broad U.S. government action on AI safety, security, and trust and reinforcing Congressional interest in AI....more
On October 13, 2023, President Biden and U.S. Department of Energy (“DOE”) Secretary, Jennifer Granholm, announced seven regional clean hydrogen hub locations selected to receive $7 billion in Infrastructure Investments and...more
Nearly 15 years out from the original enactment of the 45Q tax credit, and a year after the significant expansion of the credit included in the Inflation Reduction Act (“IRA”), we are seeing the expanded 45Q finally starting...more
Billions of dollars worldwide are pouring into the transition to green energy, no more so than in the United States (U.S.) where new legislation is providing a powerful stimulus. For Australian investors, the opportunity to...more
On Wednesday, June 14, the Department of Treasury and the Internal Revenue Service (IRS) issued proposed regulations (the “Proposed Regulations”) on the Inflation Reduction Act’s (IRA) two new credit delivery mechanisms for...more
The Inflation Reduction Act of 2022 extended the 48C tax credit program, initially enacted in the American Recovery and Reinvestment Act of 2009, and provided an additional $10 billion in credit allocations. In this unusual...more
2023年3月21日（星期二），美国商务部发布一则关于《芯片与科学法》所含护栏条款的拟议规则通知。作为拟议规则的组成部分，美国商务部发布了“受关注外国实体”和由受关注国家“拥有、控制、管辖或指挥”的定义，这两个术语曾出现在过去两年颁发的四部独立制定法中，即：《2021财年国防授权法》、《基础设施投资和就业法》、《芯片与科学法》和《降低通胀法》。根据美国商务部所拟定义，任何实体——包括总部位于美国的实体或注册在美国的实体——如其25%及以上表决权益...more
On Tuesday, March 21, 2023, the US Department of Commerce issued a notice of proposed rulemaking on the guardrail provisions included in the CHIPS and Science Act (CHIPS). As part of the proposed rule Commerce issued a...more
The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16, 2022. The IRA made major changes to United States rules for electric vehicle (EV) tax credits. The IRA and its implications for...more
The Inflation Reduction Act (IRA) includes a significant expansion of U.S. electric vehicle (EV) tax credits. In contrast to the IRA’s extensions of other preexisting clean energy tax incentives, the IRA’s consumer EV tax...more
Among the goals of the newly enacted Inflation Reduction Act (IRA) is to encourage the decarbonization of mobile sources, including vehicle, aviation, marine, and heavy duty transport. To that end, the IRA establishes many...more
In the United States, greenhouse gas emissions derive almost evenly from transportation (27%), electricity (25%) and industrial sources (24%). The Inflation Reduction Act (IRA) has been rightly heralded for enabling an...more
The Inflation Reduction Act (IRA), as passed by the House and Senate, is a major political achievement for the Biden Administration, Senate Majority Leader Chuck Schumer (D-NY), and Democrats of the 117th Congress. This is...more
8/15/2022
/ Biden Administration ,
Clean Energy ,
Electricity ,
Energy Sector ,
Federal Budget ,
Investment Tax Credits ,
Legislative Agendas ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits
Earlier this week, the U.S. Supreme Court held that Section 304 of the Bipartisan Campaign Reform Act of 2002 (BCRA) was unconstitutional. Senator Ted Cruz (R-TX) challenged the law as unconstitutional following his...more
Democrats and Republicans are at odds over the American Jobs Plan’s goals for broadband infrastructure as it faces a tough fight ahead.
- President Biden’s American Jobs Plan set out lofty goals for broadband...more
On March 31, the Administration unveiled its long-awaited infrastructure proposal from the President’s Build Back Better Plan. The American Jobs Plan will impact a multitude of industries and the economy in seven key policy...more
4/2/2021
/ Biden Administration ,
Broadband ,
Budget Reconciliation ,
Clean Energy ,
Climate Change ,
Corporate Taxes ,
Drinking Water ,
Home Healthcare Workers ,
Infrastructure ,
Investment ,
Life Sciences ,
Power Grid ,
Prevailing Wages ,
Regulatory Agenda ,
Research and Development ,
Rural Areas ,
Seismic Retrofitting ,
Tax Reform ,
Transportation Corridor