News & Analysis as of

Energy Storage Renewable Energy Inflation Reduction Act (IRA)

Troutman Pepper

Growing the Solar and Storage Landscape With Mike Hall, Anza Renewables - Battery + Storage Podcast

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In this episode, host Bill Derasmo welcomes Mike Hall, CEO of Anza Renewables. With more than 20 years of experience in the energy industry, Hall shares insights into the founding and growth of Anza in 2022. The discussion...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

Troutman Pepper

Treasury and IRS Issue Additional Domestic Content Guidance Under IRA and New Elective Safe Harbor

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On May 16, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2024-41, which modifies Notice 2023-38 (Prior Guidance) by expanding the list of Applicable Projects (defined below) to...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

Allen Matkins

Renewable Energy Update 5.07.24

Allen Matkins on

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat...more

Allen Matkins

Renewable Energy Update 3.07.24

Allen Matkins on

The U.S. Department of the Treasury and IRS have released final rules on Inflation Reduction Act provisions that aim to expand the reach of the clean energy tax credits. The Act created the new elective pay and...more

BakerHostetler

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

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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

Allen Matkins

Renewable Energy Update 12.21.23

Allen Matkins on

The Bureau of Ocean Energy Management (BOEM) will be conducting a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts....more

Mintz - Energy & Sustainability Viewpoints

Electric Storage Resource Growth and Deployment: A Tale of Two Markets

In recent years, the California Independent System Operator (“CAISO”) and the Electric Reliability Council of Texas (“ERCOT”) have experienced rapid growth and deployment of utility-scale and distributed electric storage...more

King & Spalding

IRS and Treasury Issue Section 48 Investment Tax Credit Proposed Regulations

King & Spalding on

Section 48 of the Internal Revenue Code of 1986, as amended (the “Code”) provides for an investment tax credit (“ITC”) for certain energy property. The Inflation Reduction Act of 2022 (the “IRA”) amended Section 48 in several...more

Holland & Knight LLP

Breaking Down the Section 48 Investment Tax Credit Proposed Regulations

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on Nov. 17, 2023, released long-awaited proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code. Section...more

Foley & Lardner LLP

Current Trends in Climate Change Technology Investment

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As the world grapples with fast-changing weather patterns, wildfires, record-breaking heat, and many other climate-related issues, it is becoming increasingly important to develop the technologies that will help to combat...more

Troutman Pepper

How Battery Technology Is Changing the Game

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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

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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

Troutman Pepper

Impacts of the Inflation Reduction Act on US Battery Developers

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More batteries. More people. More urgency to reduce grid queues. These are three key demands from companies in the US battery storage sector if the industry is to take full advantage of the IRA, which became law last August. ...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

Allen Matkins

Renewable Energy Update - 5.18.23

Allen Matkins on

Demand for energy is expected to soar by mid-century as the state attempts to electrify everything from transportation to home-heating systems. To help get there, the California Independent System Operator recently proposed...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

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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

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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

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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

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