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Manufacturers Department of Energy (DOE) Greenhouse Gas Emissions

BakerHostetler

The PROVE IT Act

BakerHostetler on

The Providing Reliable, Objective, Verifiable Emissions Intensity and Transparency Act, or the PROVE IT Act, is a bipartisan act aimed at enhancing the transparency and accountability of global carbon emissions. Introduced by...more

Pierce Atwood LLP

IRS Announces Application Process for $6 Billion Allocation of Clean Energy Manufacturing and Recycling Project Incentives

Pierce Atwood LLP on

On April 29, 2024, the IRS and the Department of Energy (DOE) announced the process by which they will accept and process applications on round two of the Section 48C(e) qualifying advanced project energy tax credit. Section...more

Harris Beach PLLC

New Guidance on Inflation Reduction Act Credit for Advanced Energy Projects

Harris Beach PLLC on

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

Baker Donelson

DOE Clarifies Priority Projects and Selection Criteria in New Guidance for the 48C(e) Advanced Energy Project Credit

Baker Donelson on

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

Pillsbury Winthrop Shaw Pittman LLP

Department of Energy Announces $6 Billion Funding Opportunity for Industrial Decarbonization and Emissions Reduction Projects

Concept papers are due on April 21, 2023, and full applications are due on August 4, 2023. The Department of Energy will provide up to approximately 65 total awards, with up to $6 billion in total funding, for projects...more

Davis Wright Tremaine LLP

Qualifying Advanced Energy Project Program: IRS Announces Second Phase

The IRS has announced the second phase of the qualifying advanced energy project program to distribute the Section 48C tax credits that are available for reallocation now that the first phase of the program has been completed...more

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