IRA

The Inflation Reduction Act  was designed to enhance domestic manufacturing and secure domestic supply chains. The act, signed by President Biden in 2022, was sponsored by Sens. Chuck Shumer (D-NY) and Joe Manchin (D-WV), with the legislation also drawing from House Bill HR5376 sponsored by Rep. John A. Yarmuth (D-KY 3). According to a White […]

A new U.S. president will be inaugurated in less than five months. Polls show the race between Donald Trump and Kamala Harris to be very close, with potentially only a few swing states deciding the election. While energy policy may not be a deciding factor for many Americans in choosing who they will vote for, […]

This week marks the second anniversary of the Inflation Reduction Act (IRA), a critical milestone for the section 45Q tax credit, the foundational policy for the deployment of carbon management technologies, which was further enhanced in the IRA. The 45Q tax credit provides a credit on a per-ton basis for carbon that is captured from […]

The U.S. Department of Energy (DOE) Loan Programs Office (LPO) on July 18 announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy, LLC. The money will finance construction of two solar photovoltaic (PV) farms equipped with battery storage, and two standalone battery energy storage systems (BESS), in […]

A leading solar energy equipment provider announced construction of a new factory that will expand its U.S. operations. California-based Nextracker on June 18 held a ceremony to mark the second Nextracker-dedicated manufacturing line that Unimacts, a Las Vegas-based group, has opened in the past year. The new 160,000-square-foot facility in Sloan, Nevada, south of Las […]

The Inflation Reduction Act (IRA) represents the largest incentive effort for clean energy in U.S. history. Its impact touches multiple sectors, including solar, wind, hydrogen, energy storage, and more. The IRA includes more than 70 investment, production, and excise credits designed to facilitate the transition to cleaner energy production. The legislation promotes advanced manufacturing, and […]

Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules on the issue on April 26. The Inflation Reduction Act (IRA) passed in 2022 created two new credit delivery mechanisms—so-called elective pay or direct pay, […]

America faces many energy-related challenges going forward, but none is more important than the need to modernize the U.S. electric grid—but right now the permitting process for building out and strengthening America’s power grid is not set up for success. Talk to just about anyone in the energy sector and you’ll hear about projects that […]

The Solar Energy Industries Association (SEIA) and Wood Mackenzie’s recent report on solar power installations said the U.S. installed a record 32.4 GW of new solar generation capacity in 2023, including 22.5 GW of new utility-scale capacity. That’s a 37% jump from the previous record, set in 2021, and a 51% increase from 2022. The […]

The Department of Energy (DOE) will award credits under its Civil Nuclear Credit (CNC) program to bolster the continued operation of Diablo Canyon Power Plant (DCPP) Units 1 and 2, Pacific Gas and Electric Co.’s (PG&E’s) 2,240-MW nuclear plant in San Luis Obispo County, California. A record of decision published by the agency’s Grid Deployment Office on […]