The State of Energy Storage: What You Need to Know
Good afternoon! 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 hearings...more
The first commercial-scale offshore wind farm in the United States is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility...more
The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more
Although the Philippines has not yet made a formal net zero commitment or set any specific offshore wind (“OSW”) targets, there have been a series of actions beginning with the release of an offshore wind roadmap (“Roadmap”)...more
On Oct. 19, 2023, the Department of Energy began accepting applications for all categories of the Low-Income Communities Bonus Credit Program for small-scale wind and solar projects....more
The DOE Portal for submitting applications to the "Low-Income Communities Bonus Credit Program" for all four facility categories opens on October 19, 2023, at 9:00 am ET. All applications received by November 18 at midnight...more
Bipartisan Infrastructure Law & Inflation Reduction Act Opportunities - Visit our Energy Funding Matrix for a roundup of various clean energy opportunities. We update the matrix on a biweekly basis and welcome any...more
The U.S. Department of Defense (DoD) has approved Floventis Energy for the development and operation of CADEMO, the first floating offshore wind farm with 60 MW of capacity, to be located off the California coast near the...more
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more
Jobs in the U.S. energy industry rose 3.8% last year, faster than overall employment growth and led by work in clean energy, the Department of Energy said last Wednesday. According to the U.S. Energy and Employment Report,...more
The type of floating wind turbines needed to harness California’s blustery coastal conditions are rare — most turbines are affixed to the ocean floor — posing a technically challenging yet alluring opportunity for innovation...more
The Opportunity and the Vision The wind atop U.S. waters presents an estimated potential resource of 4.2 terawatts, which is more than three times the total electricity-generating capacity operating in the United States in...more
In February 2023, the U.S. Department of Energy (DOE) released its West Coast Offshore Wind Transmission Literature Review and Gaps Analysis (“Transmission Review”) aimed at identifying areas where additional transmission...more
The Biden administration announced initiatives on February 22 to prepare states for floating offshore wind, which some say could revolutionize renewables on the West Coast. The plans from the White House, Department of Energy...more
In order to obtain and maintain a green real estate loan, the loan recipient must construct or renovate existing buildings to have minimal impact on the environment. The ultimate goal for green architecture is to achieve a...more
California adds ambitious targets to revised climate change strategy - KCET – November 17 - The California Air Resources Board has unveiled a new version of its strategy for battling climate change. If adopted by the...more
As the Department of Energy rolls out its historic H2Hubs program, the department will be accepting concept papers for the program centered on the production, storage and use of clean hydrogen through November 7. The...more
DOE opens $7B hydrogen hub funding opportunity Bullet Utility Dive – September 23 The U.S. Department of Energy (DOE) is accepting applications for $7 billion in funding to develop at least a half dozen regional clean...more
Coal Producer Plans to Create 181 New Jobs in Southwest Virginia Mine Complex - "Coronado Global Resources Inc., an international coal company, is committing $169.1 million toward the effort to increase capacity at its...more
The Inflation Reduction Act of 2022 (the “IRA”), signed by President Biden into law on August 16, promises to further invigorate an already booming sector of the economy – the renewables industry and energy transition sector....more
California NEM 3.0: Regulators propose 1-year delay to net metering decision Bullet Renewable Energy World – August 16 California regulators want to take another year to evaluate potential changes to the state's net energy...more
State considers more aggressive goals for offshore wind development Bullet Eureka Times-Standard – July 2 Last Monday, the California Energy Commission held a workshop regarding potentially advancing higher offshore wind...more
On March 18, 2022, the U.S. Department of Energy (DOE), Solar Energy Technologies Office (SETO) released its Photovoltaics End-of-Life Action Plan. SETO’s Plan recognizes the current reality for solar PV panels that have...more
The Oregon Department of Energy (ODOE) is kicking off the stakeholder engagement part of its Floating Offshore Wind Study on January 20 at 9 a.m. As directed by HB 3375, ODOE is preparing a report on the challenges and...more
Renewable energy became the second-most prevalent U.S. electricity source in 2020 - Solar Industry Magazine – December 23 - In 2020, renewable energy sources – including wind, hydroelectric, solar, biomass, and geothermal...more