December 18, 2024

Inflation Reduction Act (IRA)

EEI
EEI Briefs Wall Street on Business and Policy Goals for 2024 and Beyond
The Edison Electric Institute’s senior executives briefed Wall Street on the state of the utility industry and some of the policies it supports. 
RTC
Renewable Thermal Group Releases Industrial Decarbonization Plan

The Renewable Thermal Collaborative contends electrification should be a major component of any plan to decarbonize industrial thermal energy use.

© RTO Insider LLC
Washington Auto Show Highlights Partisan Divide on EVs, Industrial Policy
House Republicans debated Democrats over the Biden administration’s industrial policy and EV subsidies and performance.  
Shutterstock
Biden Administration Releases Tax Credit Guidance and Funding for EVs
The Treasury Department and the IRS released guidance on tax incentives from the Inflation Reduction Act to offset the cost of installing electric vehicle charging stations and other alternative refueling stations.
Shutterstock
EPA Proposes Methane Emission Penalties
EPA is moving to impose financial penalties for excessive methane emissions within the oil and gas sector. 
Bosch
DOE Partners with HVAC Industry on Cold Climate Heat Pumps
The Department of Energy announced four companies have developed high-efficiency cold climate heat pumps as part of its Residential Cold Climate Heat Pump Technology Challenge.
Shutterstock
DOE Seeks Proposals to Build out HALEU Supply Chain
DOE's commitment of $500 million in IRA dollars may not be enough. Building private sector confidence in the emerging HALEU market could require up to $2.9 billion more in additional federal funding.
DOE
Can DOE Accelerate US Energy Transition as 2024 Election Looms?

DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.

Shutterstock
Biden Admin. Releases Proposed Rules for Hydrogen Tax Credits
Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
Wood Mackenzie
US Storage Market Sees Strong Growth, Strong Headwinds
Grid- or utility-scale storage continues to be a primary driver of U.S. market growth, jumping 71% from the third quarter of 2022 to the same quarter this year.

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