The State of Energy Storage: What You Need to Know
The U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) on June 21, 2024, released a $850 million Funding Opportunity Announcement (FOA) to reduce methane emissions from oil and natural gas...more
On May 29, 2024, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) issued proposed regulations (REG-119283-23) (the “proposed regulations”) regarding the clean electricity production...more
Welcome to the fifth 2024 issue of Currents - our e-newsletter focused on energy topics. Impact of EPA's New Limits on Greenhouse Gas Emissions - On April 25, 2024, the Environmental Protection Agency (EPA) released a set...more
On January 26, 2024, the Biden-Harris Administration announced that it would place a temporary “pause” on pending decisions to export liquefied natural gas (LNG) to countries with which the United States has not entered into...more
The U.S. Treasury Department (Treasury) and the Internal Revenue Service (the IRS) issued proposed regulations on December 22, 2023, providing initial guidance on the clean hydrogen tax credit under section 45V (the 45V...more
The IRS and the Treasury Department issued proposed regulations on December 26, 2023 (Proposed Regulations), providing guidance on the clean hydrogen production tax credit under Section 45V (Hydrogen PTC) and the investment...more
The U.S. Department of Energy (DOE) is proposing to ease environmental reviews for certain energy storage, solar, and rebuilt or upgraded transmission projects on federal land. Those types of projects — given their limited...more
What is the Hydrogen Hubbub? Hydrogen is seen by many as the fuel of the future, a substance that can provide heat through combustion, or electrical power from fuel cells, emitting only water in the process. Its potential...more
Good morning! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past week and forthcoming climate-related events and...more
[This is the fifth post in our Hydrogen Blog Series...] The Bipartisan Infrastructure Law appropriated $8 billion for developing Hydrogen Hubs—regional networks to produce, distribute, and use clean hydrogen to curb...more
The application cycle for the first round of credits will soon open. Treasury’s additional guidance clarifies what types of facilities may qualify for credits, the submission process and the selection criteria for evaluating...more
On May 31, 2023, the Internal Revenue Service (“IRS”) released Notice 2023-44 (the “Notice”), which provides additional information regarding the Qualifying Advanced Energy Project Credit Allocation Program under § 48C (e) of...more
As an update to our prior alert on this subject the Treasury Department recently released new guidance, which critically outlines the Department of Energy's (DOE) priorities and technical review criteria for the 48C(e)...more
On May 31, 2023, the U.S. Department of the Treasury's Internal Revenue Service (IRS) released additional guidance on the implementation and administration of Internal Revenue Code §48C—The Qualifying Advanced Energy Project...more
he Internal Revenue Service (IRS), the Treasury Department (Treasury), and the Department of Energy (DOE) released Notice 2023-18 (Notice) on February 13, detailing the procedures through which the IRS and DOE will award a...more
At least 78 new US carbon capture and storage (CCS) projects were announced between 2021 and 2022, signifying a historic inflection point for CCS projects. The following is a summary of some notable projects in development...more
Key Points - ..The draft Clean Hydrogen Production Standard (CHPS) proposes a lifecycle GHG emissions target of 4 kg CO2e per kilogram of hydrogen, which is in line with the clean hydrogen production tax credit in the...more
Last week, the U.S. Department of Energy (“DOE”) released a notice of intent to fund the 2021 Infrastructure Investment and Jobs Act’s program for direct air capture (“DAC”) of carbon dioxide at four regional hubs. The...more
Congress and the Biden Administration recognize hydrogen’s potential to address the clean energy imperative. This past year, The Infrastructure Investment and Jobs Act appropriated $8B of spending to build out clean hydrogen...more
The U.S. has made significant commitments to decarbonize its electricity sector by 2035 and its economy by 2050. As the recent United Nations Intergovernmental Panel on Climate Change report highlights, following through on...more
U.S. Department of Energy (DOE) Loan Programs Office (LPO) is one of the nation's premier energy infrastructure programs. Authorized in 2005 to lend nearly $70 billion to innovative clean energy projects, the LPO still has...more
On August 10, 2021, the United States Senate passed the much anticipated bipartisan infrastructure bill. While not yet law, the bill now advances to the House of Representatives for further consideration. The House of...more
As governments around the world continue to find ways to support the development and emergence of a hydrogen economy, to date the United States has trailed many other countries that have created national strategies and...more
DOE LAUNCHES CLEAN HYDROGEN INITIATIVE - On 7 June 2021, U.S. Secretary of Energy Jennifer M. Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshot Initiative, making an “all-hands-on-deck call for...more
DOE releases over $8B in loans to modernize U.S. electric grid - Associated Press – April 26 - The federal government is making more than $8 billion in loans available as part of its efforts to improve America’s aging...more