News & Analysis as of

Energy Sector Inflation Reduction Act (IRA) Energy Storage

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, V 8, Issue 8, August 2024

Welcome to the eighth 2024 issue of Currents - our e-newsletter focused on energy topics. Is Nuclear the Panacea to Data Center Load Growth? Per public data, after years of relatively flat load growth around the...more

Foley Hoag LLP - Energy & Climate Counsel

Battery Technologies: Where Are We Now, and Where Are We Going?

Achieving climate goals will require significant capital investment into the development and scaling of improved battery technologies. The Inflation Reduction Act (IRA), enacted in August 2022, allocated billions of dollars...more

Allen Matkins

Renewable Energy Update 5.15.24

Allen Matkins on

The Federal Energy Regulatory Commission on Monday approved a long-awaited rule to make it easier to transmit renewable energy such as wind and solar power to the electric grid — a key part of President Joe Biden’s goal to...more

BakerHostetler

Overview of the Proposed Regulations for Advanced Manufacturing Credits Under Section 45X

BakerHostetler on

As covered in our prior alerts, the Inflation Reduction Act enacted new renewable energy credits, including an advanced manufacturing production credit under Section 45X that provides tax credits to domestic producers and...more

Troutman Pepper

Analyzing the Impact of the IRA on Energy Storage — Battery + Storage Podcast

Troutman Pepper on

In this episode of the Troutman Pepper Battery + Storage Podcast, host Bill Derasmo is joined by Troutman Pepper Partners Anne Loomis and John Leonti to discuss the transformative effects of the Inflation Reduction Act (IRA)...more

Stoel Rives LLP

Treasury Issues Proposed Regulations Regarding Energy Property, Prevailing Wage and Apprenticeship, the 80/20 Rule, and...

Stoel Rives LLP on

The U.S. Department of the Treasury (Treasury Department) recently released a notice of proposed rulemaking regarding four significant aspects of the investment tax credit (ITC) under Section 48 of the Internal Revenue Code...more

Troutman Pepper

Financing Future Trends in Storage With George Koutsonicolis, SOLIC Capital - Battery + Storage Podcast

Troutman Pepper on

In this episode, host Bill Derasmo is joined by George Koutsonicolis from SOLIC Capital Advisors, to discuss the growing global focus on energy storage, the role of battery storage in the renewable energy transition, and the...more

Troutman Pepper

How Battery Technology Is Changing the Game

Troutman Pepper on

From the genesis of the popular Battery + Storage Podcast to the current interconnection issues, Troutman Pepper Partners Amie Colby and Bill Derasmo discuss a wide range of leading-edge topics impacting battery and storage...more

Womble Bond Dickinson

Advanced Energy Project Credit Concept Paper Applications Are Now Open

Womble Bond Dickinson on

In August 2022, President Biden signed the Inflation Reduction Act (IRA). One of the most significant manufacturing incentives bolstered by the IRA is the Advanced Energy Project Credit (Section 48C), which received $10...more

Wilson Sonsini Goodrich & Rosati

IRS Releases New Proposed Rules for the Low-Income Communities Bonus Credit for the Investment Tax Credit

On May 31, 2023, the Department of Treasury (Treasury) and Internal Revenue Service (IRS) released proposed rules that set forth application and eligibility criteria for the low-income communities bonus credit investment...more

Vinson & Elkins LLP

Unlocking the Opportunity of Low-Carbon Hydrogen: Investment, Incentives, and Collaboration

Vinson & Elkins LLP on

Hydrogen can play a vital role in the transition to a carbon-neutral economy, and momentum for it has never been stronger. Both governments and companies see the enormous potential of low-carbon hydrogen for storing energy,...more

Holland & Knight LLP

Break Out Your Calculator: IRS Releases Domestic Content Bonus Credit Guidance

Holland & Knight LLP on

Following the release of energy community bonus credit and low-income community bonus credit guidance, the U.S. Department of the Treasury and IRS recently provided taxpayers with the domestic content bonus credit guidance....more

Wilson Sonsini Goodrich & Rosati

IRS Releases Preliminary Guidance on the IRA Domestic Content Bonus Credit

On May 12, 2023, the Internal Revenue Service (IRS) released long-awaited guidance on the domestic content bonus credit under the Inflation Reduction Act of 2022 (IRA). Specifically, the IRS released Notice 2023-38 regarding...more

Troutman Pepper

Monetizing Opportunities in Energy Storage in a Post-IRA World

Troutman Pepper on

The Inflation Reduction Act has ushered in a variety of new products, opportunities, and potential investors. Troutman Pepper Partners Vaughn Morrison and John Leonti discuss the opportunities and challenges that accompany an...more

Troutman Pepper

The State of Energy Storage: What You Need to Know

Troutman Pepper on

From supply chain management to the incentives presented by the Inflation Reduction Act, developers and manufacturers face a constellation of issues. In this video, Troutman Pepper Partners Dan Anziska and Vaughan Morrison...more

Troutman Pepper

Optimizing Investments in Energy Storage

Troutman Pepper on

Greater flexibility in deal structuring, and the ability to sell tax credits, are two of several new options for project sponsors and investors presented by the Inflation Reduction Act. In this video, Partners Anne Loomis and...more

Allen Matkins

Renewable Energy Update - 4.06.23 #1

Allen Matkins on

California will invest $9.3 billion in 46 transmission projects to accommodate the state’s renewable energy shift, enabling more than 17 GW of solar generation to be added to the grid....more

Morgan Lewis

The Rise of Energy Storage

Morgan Lewis on

Energy storage: the technology that will cash the checks written by the renewable energy industry. Energy storage can transform intermittent clean energy—primarily derived from wind and solar—into a reliable source of 24/7...more

Morgan Lewis

Key Considerations for Utility-Scale Energy Storage Procurements

Morgan Lewis on

It’s generation . . . it’s transmission . . . it’s energy storage! The renewable energy industry continues to view energy storage as the superhero that will save it from its greatest problem—intermittent energy production and...more

Allen Matkins

Renewable Energy Update - 2.16.23 - #3

Allen Matkins on

The Biden administration on Tuesday outlined how states and nonprofit groups can apply for $27 billion in funding from a “green bank” that will provide low-cost financing for projects intended to cut planet-warming greenhouse...more

Morgan Lewis - Power & Pipes

Funding Opportunity for RD&D of Hydrogen, Fuel Cell Technologies Expected in January 2023

Later this month, the US Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) intends to issue, on behalf of the Hydrogen and Fuel Cell Technologies Office, a funding opportunity announcement...more

McGuireWoods LLP

Inflation Reduction Act Creates New Tax Credit Opportunities for Energy Storage Projects

McGuireWoods LLP on

On Aug. 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA), which includes new and revised tax incentives for clean energy projects. This alert provides a summary of the IRA’s impact on...more

Latham & Watkins LLP

DOE Announces $7 Billion for Carbon Capture, Transport, and Storage Infrastructure

Latham & Watkins LLP on

Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration. Demand for carbon capture and sequestration (CCS) to meet global and national...more

Troutman Pepper

EV Tech Series: The Inflation Reduction Act’s Impact on the Energy Industry With Judy Kwok and Marc Machlin - Battery + Storage...

Troutman Pepper on

The Inflation Reduction Act of 2022 (IRA) is the most significant legislation related to climate change in U.S. history. With it comes significant tax implications for the clean energy industry, including renewables, storage,...more

King & Spalding

H2ypothetical - Clean Electricity Credits

King & Spalding on

On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act). The Act includes multiple tax benefits for hydrogen production, storage and utilization, summarized in the following King & Spalding...more

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