Inflation Reduction Act (IRA)
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House Republicans debated Democrats over the Biden administration’s industrial policy and EV subsidies and performance.
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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.
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EPA is moving to impose financial penalties for excessive methane emissions within the oil and gas sector.
Bosch
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.
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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
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.
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Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
Wood Mackenzie
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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The Treasury Department has released guidance on the tax credit for sustainable aviation fuel that offers incentives to fuel that cuts emissions by at least 50% compared to standard jet fuel.
South Fork Wind
The Treasury Department has released guidance on its 45X tax credit for clean energy manufacturing, which is meant to help spur domestic production of batteries, solar, wind, and minerals.
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