The State of Energy Storage: What You Need to Know
On January 3, 2025, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released long-awaited final regulations regarding the clean hydrogen production tax credit under section 45V of the...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 our 11th Issue of Currents 2024, our energy e-newsletter. This will be our last issue of 2024, and we want to sincerely thank you for reading Currents for the past eight years. Our goal is to relay top trending...more
Good afternoon! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past two weeks and forthcoming climate-related events and...more
The U.S. Department of Energy recently released the first federal blueprint to decarbonize the building sector, which accounts for over a third of the nation’s planet-warming greenhouse gas emissions. This plan, developed by...more
The United States Department of Energy’s Office of Energy Efficiency & Renewable Energy Building Technologies Office (“BTO”) released a Request for Information (“RFI”) to solicit feedback on a draft document titled: ...more
As the nation’s largest energy consumer, the U.S. federal government plans to curb greenhouse gas emissions across its expansive portfolio of more than 350,000 federal buildings. In a pioneering move, the Biden administration...more
The Biden administration (the Administration) has set ambitious goals to reduce U.S. greenhouse gas emissions to at least 50% below 2005 levels by 2030 and to reach net-zero emissions by 2050. To achieve these ends, the...more
Following the first two years of the Biden Administration, and fresh off of the successful passage of the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA), the U.S. Department of Energy Loan...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
On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA), sweeping legislation that commits $369 billion to combat climate change, fund clean energy and development, and address environmental justice. This...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
Congress and the Biden Administration recognize hydrogen’s potential to address the clean energy imperative. This past year, The Infrastructure Investment and Jobs Act appropriated $8B of spending to build out clean hydrogen...more
With 2022 underway, the Biden-Harris administration is continuing to implement its “whole-of-government” response to climate change. In 2021, the administration focused on building public-private partnerships on clean energy,...more
The Biden Administration’s April 2021 pledge for new U.S. commitments to the Paris Agreement calls for an 80% reduction of electric power greenhouse gas emissions by 2030. The Administration also is committed to achieving...more
In June 2021, the United States (“U.S.”) became the chair of the Biofuture Platform Initiative, an initiative of the Clean Energy Ministerial (the “Biofuture Platform”) for a two-year term, taking over the chair position from...more
DOE LAUNCHES CLEAN HYDROGEN INITIATIVE - On 7 June 2021, U.S. Secretary of Energy Jennifer M. Granholm launched the U.S. Department of Energy’s (DOE) Energy Earthshot Initiative, making an “all-hands-on-deck call for...more
The convergence of climate change policy, massive spending on breakthrough advances in renewable energy sources (e.g., solar, on- and off-shore wind) and energy storage technology, complete upgrades to electricity...more
DOE releases over $8B in loans to modernize U.S. electric grid - Associated Press – April 26 - The federal government is making more than $8 billion in loans available as part of its efforts to improve America’s aging...more
Under the Biden Administration, environmental sustainability as a means to combat climate change has been thrust into the spotlight as an emerging national imperative. This was made clear through President Joe Biden's...more
In March, House Democrats re-introduced the Climate Leadership and Environmental Action for Our Nation’s (CLEAN) Future Act, a comprehensive climate package that aims to transition virtually every major sector of the U.S....more
To promote U.S. offshore wind projects, the Biden administration recently extended the Title XVII Innovative Energy Loan Guarantee Program (the “Title XVII Program”) to offshore wind and offshore transmission developers,...more
Consistent with his campaign promises to establish a diverse cabinet and leadership team, representative of both the national community and his own philosophy on environmental, energy and climate change issues, President...more
On December 27, President Donald Trump signed a $1.4 trillion appropriations package funding the government through September 2021 and a $900 billion fiscal stimulus law for coronavirus aid. Media attention has focused on the...more
President-elect Joseph Biden announced on December 15 that he intends to nominate former Michigan Governor Jennifer Granholm to serve as secretary of energy in his new administration. Ms. Granholm previous served as the...more