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
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
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
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
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
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Tax Credits
President Donald Trump and Republican Congressional leaders have promised a major reform to the U.S. tax code in 2017. This reform, if anything close to these promises, will have significant implications for the energy...more