News & Analysis as of

Hydrogen Power Energy Storage Solar Energy

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - June 2024 #2

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 hearings...more

Clark Hill PLC

[Webinar] Preparing for Clean Energy Tax Credit Transfer Transactions - May 1st, 12:00 pm - 1:00 pm EDT

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Project developers in the EV, solar, wind, battery, CCUS, hydrogen, biofuels, and energy efficiency markets have been blessed by the IRS with the ability to transfer tax credits directly to willing buyers. Tax equity...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

Allen Matkins

Renewable Energy Update 2.15.24

Allen Matkins on

The California Independent System Operator (CAISO) last Thursday asked federal regulators for permission to cancel its annual interconnection study process for any interconnection requests submitted this year so it can deal...more

Allen Matkins

Renewable Energy Update 12.08.23

Allen Matkins on

New York released a new offshore wind solicitation last Thursday, seeking proposals for offshore wind and land-based renewable projects. The solicitations will support New York’s Climate Leadership and Community Protection...more

King & Spalding

IRS and Treasury Issue Section 48 Investment Tax Credit Proposed Regulations

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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

Bracewell LLP

The Multi-Sector Fuel Dilemma

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Confusion persists among industry stakeholders regarding the correct structuring approach to renewables. The truth is that renewables traverse sectors and is not a sector itself. Electrical power generated through sustainable...more

Allen Matkins

Renewable Energy Update - 6.09.23 #2

Allen Matkins on

The U.S. Department of Energy (DOE) on Monday unveiled a roadmap it says will, using hydrogen energy, enable the U.S. to reduce its emissions by 10% in 2050, compared to 2005 levels. The strategy document calls for...more

Allen Matkins

Renewable Energy Update - 5.05.23 #1

Allen Matkins on

The U.S. Senate on Wednesday voted to repeal President Joe Biden's suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry....more

Allen Matkins

Renewable Energy Update - 4.14.23 #2

Allen Matkins on

The amount of new power generation and energy storage in the transmission interconnection queues across the U.S. continues to rise dramatically, with over 2,000 GW of total generation and storage capacity now seeking...more

Allen Matkins

Renewable Energy Update - 2.02.23 - #1

Allen Matkins on

Democratic lawmakers in California introduced a package of climate bills on Monday aimed at holding corporations accountable for their greenhouse gas emissions....more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - October 2022 #3

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

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

Allen Matkins

Renewable Energy Update - September 2022 #5

Allen Matkins on

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

Allen Matkins

Renewable Energy Update - September 2022 #4

Allen Matkins on

Governor Newsom signs sweeping climate legislation - ABC News – September 16 - Governor Gavin Newsom on September 16 signed a package of bills to expand California's reliance on clean energy and reduce carbon emissions...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 4

Shell’s Board of Directors Sued for ‘Failing to Properly Prepare’ for the Energy Transition - "It argues the board’s failure to implement a climate strategy that truly aligns with the landmark Paris Agreement is a breach...more

Hogan Lovells

Förderung von wasserstoffbasierter Stromspeicherung im Entwurf für die EEG-Novelle

Hogan Lovells on

Wasserstoff gilt als ein zentrales Element, das zu einer Dekarbonisierung derzeit noch mit fossiler Energie betriebener Wirtschaftssektoren beitragen kann. Denn Wasserstoff kann sowohl unmittelbar als Brennstoff zur...more

Orrick, Herrington & Sutcliffe LLP

Orrick Energy Storage Update 2021 – 2022

By any measure, 2020 served as a banner year for the global energy storage market, despite significant challenges posed by the COVID-19 pandemic. Investment in storage projects worldwide in 2020 increased almost 40%...more

Allen Matkins

Renewable Energy Update - August 2021 #2

Allen Matkins on

California utilities and clean energy groups urge CPUC to move quickly to free up energy supply - Utility Dive – August 11 - Utilities and clean energy groups are urging the California Public Utilities Commission...more

Latham & Watkins LLP

Energy & Infrastructure: Renewables Driving Change in the Investment Landscape

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Macro market shifts as part of the energy transition are spurring investors, sponsors, and even traditional oil and gas producers to move in new directions. There is an increase in wind and solar projects being funded, with...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Energy Storage Tax Incentive and Deployment Act: Federal Legislation Proposed to Provide Tax Credits for Standalone Storage...

Federal legislation has been introduced that would provide that standalone storage projects are eligible for the investment tax credit (“ITC”). The legislation is titled the “Energy Storage Tax Incentive and Deployment...more

Allen Matkins

Renewable Energy Update - February 2021 #4

Allen Matkins on

State Senator Wiener introduces the Solar Access Act - Solar Industry Magazine – February 22 - California State Senator Scott Wiener, D-San Francisco, has introduced SB 617, the Solar Access Act. The proposed...more

Pillsbury Winthrop Shaw Pittman LLP

Energy 2021: USA

Overview of the current energy mix, and the place in the market of different energy sources - Due in large part to the COVID-19 pandemic, U.S. total energy consumption in 2020 is on pace to decline for a second straight...more

Allen Matkins

Renewable Energy Update - July 2017 #3

Allen Matkins on

Renewable Energy Focus - California’s extension of cap-and-trade provides more certainty to cleantech - Greentech Media - Jul 18 - Late Monday night, California lawmakers approved a group of bills that extend the...more

Allen Matkins

Renewable Energy Update - April 2017

Allen Matkins on

Renewable Energy Focus - Stanford researchers recommend changes to U.S. solar policies, encourage collaboration with China - Renewable Energy World - Apr 4 - The rapidly expanding solar energy industry could...more

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