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Cadwalader, Wickersham & Taft LLP

Back in Session: Energy Tax Credits

The Inflation Reduction Act of 2022 (the “IRA”) allows firms to develop and sell clean energy tax credits.  In our last update, we discussed the uncertain future of energy tax credit sales as we head into the election....more

Troutman Pepper

Unlocking America’s Clean Hydrogen Potential: Navigating Policy, Challenges, and Market Opportunities

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The U.S. clean hydrogen sector is poised for significant growth, driven in part by its potential to reduce carbon dioxide emissions in hard-to-abate industries such as transportation and chemical production. Originally...more

Morrison & Foerster LLP

PACE Financing is now available for New Construction

New York City recently released updated Commercial Property Assessed Clean Energy (C-PACE) guidelines which are expected to open up opportunities for owners to obtain C-PACE financing for new construction and energy retrofit...more

Troutman Pepper

Expanding Energy Storage Through Cross-Cultural Insights With Dr. Marco Terruzin, Energy Vault — Battery + Storage Podcast

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In this episode, host Bill Derasmo is joined by Dr. Marco Terruzin, the chief commercial and product officer at Energy Vault. Dr. Terruzzin shares his background in energy economics and trading, with experience in both the...more

Jenner & Block

Energy Infrastructure Funding Opportunities under the Infrastructure Law and Inflation Reduction Act

Jenner & Block on

The Infrastructure Investment and Jobs Act (IIJA), signed into law in November 2021, and the Inflation Reduction Act (IRA), signed into law in August 2022, are both recent landmark climate-related legislation aimed at...more

ASKramer Law

Energy Tax Credits for a New World Part VII: Low-Income Communities Bonus Credits

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What is the Low-Income Communities Bonus Credit? The Low-Income Communities Bonus Credit available through the Inflation Reduction Act of 2022 (IRA) is designed to increase the siting of, and access to renewable energy...more

Jones Day

Navigating the Emerging Market for Green Energy Tax Credits

Jones Day on

The Inflation Reduction Act of 2022 (the "IRA")—President Biden's landmark climate change legislation—created or expanded tax credits for various renewable energy sources, including wind, solar, and hydropower, as well as for...more

Jones Day

What Does a New UK Government Mean for Climate Change?

Jones Day on

On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more

Vinson & Elkins LLP

Treasury Issues Proposed Regulations on Clean Electricity Low-Income Communities Bonus

Vinson & Elkins LLP on

On August 30, 2024, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed Regulations”) providing additional guidance to taxpayers on the...more

ASKramer Law

Energy Tax Credits for a New World Part VI: Energy Community Bonus Credits

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What is the purpose of the Energy Community Bonus Credit? The Inflation Reduction Act (IRA) introduced the Energy Community Bonus Credit to encourage renewable energy project developers to locate their facilities and energy...more

Bennett Jones LLP

SaskPower Establishes Nuclear Subsidiary SaskNuclear

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SaskPower has created a nuclear subsidiary called SaskNuclear to advance the province’s small modular reactor (SMR) nuclear project from a business and regulatory standpoint. SaskPower is planning the development of its first...more

Wilson Sonsini Goodrich & Rosati

Treasury and IRS Release Proposed Regulations for Low-Income Communities Bonus Program Under Section 48E

On August 30, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a notice of proposed rulemaking (the Proposed Regulations) regarding the new clean electricity low-income...more

ASKramer Law

Energy Tax Credits For A New World Part V: Domestic Content Bonus Credits

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What is the purpose of the Domestic Content Bonus Credit? The Inflation Reduction Act (IRA) introduced the Domestic Content Bonus Credit to provide an additional credit amount to taxpayers that meet its requirements. The...more

Cadwalader, Wickersham & Taft LLP

Energy Tax Credit Sales Stay Fully Charged Despite Uncertain Road Ahead

The Inflation Reduction Act of 2022 (the “IRA”) allows firms to develop and sell clean energy tax credits.  Now that most of the key guidance has been finalized, here is everything you need to know about energy tax credit...more

Allen Matkins

Renewable Energy Update 8.29.24

Allen Matkins on

California will solicit up to 2 GW of long-duration energy storage resources as part of a 10.6 GW centralized procurement for emerging clean energy technologies to be deployed between 2031 and 2037, the California Public...more

Mayer Brown

CPUC Authorizes Procurement of 10.6 GW of Clean Energy Resources Under AB 1373

Mayer Brown on

The California Public Utilities Commission (CPUC) issued a decision on August 22, 2024, authorizing the Department of Water Resources (DWR) to procure up to 10.6 gigawatts (GW) of clean energy resources, including up to 7.6...more

ASKramer Law

Energy Tax Credits for a New World Part II: Production Tax Credits and Investment Tax Credits: The Old and the New

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What is a Production Tax Credit (PTC)? A Production Tax Credit (PTC) is a per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying clean technologies for the first 10 years of a system’s...more

K&L Gates LLP

Carbon Quarterly – Volume 9

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Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Allen Matkins

Renewable Energy Update 8.22.24

Allen Matkins on

California has given America a glimpse at what running one of the world’s largest economies on renewable energy might look like. The state recently hit a milestone: 100 days this year with 100% carbon-free, renewable...more

Perkins Coie

Full Speed Ahead—BOEM’s Offshore Wind Leasing Strategy Sailing Toward Full Implementation in 2024

Perkins Coie on

Notwithstanding supply chain challenges, canceled power purchase agreements, and general economic and political uncertainty, the Bureau of Ocean Energy Management (BOEM) has continued its push to implement its renewable...more

Sheppard Mullin Richter & Hampton LLP

HyBuildTM North America Contracts Workstream Consumption Profiles Working Group Report

HyBuildTM North America Initiative - The Green Hydrogen Coalition’s HyBuildTM North America Initiative seeks to bring together key ecosystem stakeholders to plan and develop the competitive, high-volume supply chain...more

Akin Gump Strauss Hauer & Feld LLP

This Week's Climate Policy Update - August 2024 #3

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

ASKramer Law

Q&A with Andie: Energy Tax Credits For A New World - Part I: Overview of Energy Tax Credits under the IRA

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Signed into law on August 16, 2022, the Inflation Reduction Act (IRA) is the most significant long-term commitment made by the U.S. government to encourage and support a clean energy future. The IRA modifies and revises the...more

Troutman Pepper

Extending the Flexibility of Energy Storage With Julia Souder, LDESC — Battery + Storage Podcast

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In this episode of the Battery + Storage Podcast, host Bill Derasmo speaks with Julia Souder, CEO of the Long Duration Energy Storage Council (LDESC). Julia shares her creative background in the energy sector, which has...more

Allen Matkins

Renewable Energy Update 8.05.24

Allen Matkins on

According to the Department of the Interior, the Bureau of Land Management (BLM) is proceeding with nine solar projects on public lands to potentially power nearly 2 million homes with clean energy. Among the projects, the...more

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