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Infrastructure Law Adds Important Crypto Provisions

The Infrastructure Investment and Jobs Act, enacted on November 15, 2021, also known as the Bipartisan Infrastructure Law (the “BIL”), adds many important provisions regarding the development of the United States’...more

Key Hydrogen Provisions of the Bi‐Partisan Infrastructure Plan

Despite its known value as an alternative energy source, the United States has lacked a comprehensive national policy with respect to hydrogen. The Infrastructure Investment and Jobs Act (the “Bill”), addresses this as it...more

United States Senate Amendment 2137 to House Resolution 3684 Passes United States Senate 69‐30

The following is a high-level summary of key components of the “Infrastructure Investment and Jobs Act” that will meaningfully impact the infrastructure / public-private partnership (“P3”), renewable energy and public finance...more

Department of Energy and USEA Release Comprehensive Carbon Capture Incentives Report Co-authored by Orrick

On September 21, the United States Energy Association (“USEA”), on behalf of the Department of Energy Office of Fossil Energy, released a comprehensive report on the current state of carbon capture, utilization, and...more

Developers and Tax Equity Investors Receive Section 45Q Carbon Capture and Sequestration Credit Program Guidance

The IRS issued guidance in February 2020 for the Section 45Q tax credit program, which is aimed at supporting carbon capture and sequestration. The guidance reflected comments received by the IRS in response to Notice...more

Carbon Capture and Sequestration: Incentives Update

Section 45Q Tax Credits Internal Revenue Code Section 45Q provides a tax credit for the sequestration or use of qualified carbon oxides (“COx”), including CO2. Although Section 45Q was enacted in 2008, there was uncertainty...more

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