The State of Energy Storage: What You Need to Know
Welcome to the Edition 15 of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). P2N0 identifies significant news items globally, reporting on them in short form, focusing on policy settings...more
The IRS on July 24, 2024, released Notice 2024-60, which provides Section 45Q guidance for utilization of carbon dioxide and other carbon oxides. The Notice addresses the information that must be included in the required life...more
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
Welcome to the fifth 2024 issue of Currents - our e-newsletter focused on energy topics. Impact of EPA's New Limits on Greenhouse Gas Emissions - On April 25, 2024, the Environmental Protection Agency (EPA) released a set...more
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
On November 22, 2023, the Internal Revenue Service published proposed regulations concerning Sections 48, 6417, and 6418. These proposed rules would affect the conditions for claiming energy credits, the amount of energy...more
In a concerted effort to meet the Biden administration’s aggressive carbon-reduction goals, the Department of Energy (“DOE”) unveiled a pre-publication copy of a forthcoming proposed rule on August 10, 2023, aimed at...more
The United States recently took another important step in implementing a comprehensive strategy to advance the production, processing, delivery, storage, and use of clean hydrogen. On June 5, 2023, the Biden-Harris...more
The United States Department of Energy (“DOE”) Office of Clean Energy Demonstration (“OCED”) issued a May 5th news release stating that it had elected eight projects to begin award negotiations for development of an...more
The Inflation Reduction Act (the “IRA”) is a wide-ranging bill that includes, among other things, significant investments and reforms by the federal government in a variety of different sectors, including manufacturing,...more
Happy Earth Month! In today’s blog, we observe the historic investment opportunity presented by the convergence of efforts to address climate change and spur the energy transition, such as public grant programs, regulatory...more
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
The US Department of Energy (DOE) recently issued two funding opportunities for the development of carbon capture large-scale pilot projects and integrated carbon capture and storage projects at coal or natural gas generation...more
At least 78 new US carbon capture and storage (CCS) projects were announced between 2021 and 2022, signifying a historic inflection point for CCS projects. The following is a summary of some notable projects in development...more
The U.S. Department of Energy (DOE) recently announced a $3.5 billion funding opportunity to create regional Direct Air Capture (DAC) Hubs. The DAC Hubs program is one of four new programs announced by the Biden-Harris...more
On December 13, 2022, the Department of Energy’s Office of Fossil Energy and Carbon Management released a Funding Opportunity Announcement (FOA) to make available up to $1.236 billion of funding to promote the development of...more
The Big Picture - Congressional Overview - American voters delivered a decidedly mixed message to Washington on Tuesday, seemingly handing Republicans narrow control of the U.S. House of Representatives and a nominal check...more
Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration. Demand for carbon capture and sequestration (CCS) to meet global and national...more
The Inflation Reduction Act of 2022, passed by the Senate on August 7, 2022, includes a number of provisions projected to result in significant investments in domestic energy production and manufacturing, and reduce carbon...more
On July 13, the U.S. Department of Energy (DOE) issued Notices of Intent indicating that the agency will begin soliciting applications in the coming months for funding support for two programs involving carbon capture,...more
Carbon Capture, Utilization, and Storage (CCUS) and clean hydrogen will play a significant role in the Administration’s efforts to address hard-to-decarbonize industries to promote clean US manufacturing. On February 15,...more
Carbon Capture and Sequestration (“CCS”), one form of which is known as Direct Air Capture, captures carbon dioxide (CO2) from man-made sources before CO2 is released into the atmosphere. The captured CO2 is then injected...more
In November 2021, “[t]he United States House of Representatives passed the Infrastructure Investment and Jobs Act, a once-in-generation bipartisan infrastructure bill that will create millions of jobs, turn the climate crisis...more
In 2021, we witnessed a number of important developments in the future role of hydrogen as part of the United States’ energy transition pathway. President Biden has empowered the secretary of energy, through new legislation...more
On November 15th, President Biden signed the Infrastructure Investment and Jobs Act (“the Law”) into law. The historic infrastructure plan includes the single largest investment to address climate change in U.S. history. The...more