On 4 February 2026, the US Department of the Treasury and the Internal Revenue Service (Treasury) released highly anticipated proposed regulations implementing the Section 45Z Clean Fuel Production Tax Credit (Section 45Z),1...more
3/4/2026
/ Biofuel ,
Clean Energy ,
Department of Energy (DOE) ,
Energy Policy ,
Energy Sector ,
Energy Tax Incentives ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
IRS ,
One Big Beautiful Bill Act ,
Production Tax Credit ,
Proposed Guidance ,
Proposed Regulation ,
Proposed Rules ,
Regulatory Requirements ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
On 12 February 2026, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released Notice 2026-15 (the Notice), to provide interim guidance for determining whether a project has received material...more
3/2/2026
/ Clean Energy ,
Energy Policy ,
Energy Sector ,
Energy Storage ,
Foreign Entities ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Safe Harbors ,
Supply Chain ,
Tax Credits ,
U.S. Treasury
On 27 October 2025, President Donald Trump announced an US$80 billion strategic partnership between the US Department of Commerce, Westinghouse Electric Company (Westinghouse), and its owners Brookfield Asset Management...more
11/6/2025
/ Department of Energy (DOE) ,
Energy Projects ,
Energy Sector ,
Foreign Investment ,
Infrastructure ,
International Trade ,
Investment ,
National Security ,
Nuclear Power ,
Popular ,
U.S. Commerce Department
Introduction - The One Big Beautiful Bill Act (OBBBA) makes major changes to the Internal Revenue Code’s (Tax Code) clean energy tax provisions, particularly to the provisions that were extended, expanded, and established as...more
On 15 August 2025 the Internal Revenue Service (IRS) released Notice 2025-42 (the Notice), which restricts the methods that developers of wind and solar projects can use to determine whether they have begun construction for...more
President Donald J. Trump signed H.R. 1, the One Big Beautiful Bill Act (OBBBA), into law on 4 July 2025 in an afternoon signing ceremony at the White House (Pub. L. No. 119-21). Senate Majority Leader John Thune (R-SD)...more
7/24/2025
/ Clean Energy ,
Energy Policy ,
Energy Sector ,
Energy Tax Incentives ,
Foreign Entities ,
Investment Tax Credits ,
New Legislation ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Wind Power
The nuclear energy industry continues to gain momentum and has a strong outlook for 2025 and beyond. This positive forecast is buoyed by support from both major political parties, increased demand, technical advancements, and...more
On 3 January 2025, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released final regulations (Final Rules) implementing the Section 45V Clean Hydrogen Production Tax Credit (Section 45V tax...more
1/24/2025
/ Clean Energy ,
Climate Change ,
Department of Energy (DOE) ,
Final Rules ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits
Final Rules Address Eligibility and Process; Proposed Rules Provide Workaround Allowing Tax Exempts to Partner With Others on Projects - The Department of Treasury (Treasury) and the Internal Revenue Service (IRS) recently...more
Members of the K&L Gates Hydrogen, Power, Tax, and Tax Policy teams speak with Sandi Safro Osborn, Assistant General Counsel of the Edison Electric Institute, about the proposed regulations the Treasury Department and...more
1/18/2024
/ Energy Projects ,
Energy Sector ,
Energy Tax Incentives ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits
On 22 December 2023, the US Treasury Department (Treasury) released the highly anticipated Proposed Regulations relating to the Clean Hydrogen Production Credit (hydrogen credit) under the US Internal Revenue Code of 1986, as...more
On 17 November 2023, the US Department of the Treasury (Treasury Department) and Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) updating rules for the investment tax credit (ITC) under Code1...more
On 17 November 2023, the US Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) updating rules for the investment tax credit (ITC) under...more
On 1 June 2023, the US Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued a notice of proposed rulemaking (NOPR) regarding the Low-Income Communities Bonus Credit Program (Program) established...more
Introduction - On 12 May 2023, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released guidance for the domestic content bonus credit under Sections 45, 45Y, 48, and 48E of the Internal...more