The State of Energy Storage: What You Need to Know
Welcome to Dorsey’s Energy Law: Month in Review. We provide this update to our clients to identify significant developments in the previous month. ...more
Yesterday, at his Senate confirmation hearing, Chris Wright, nominee for U.S. U.S. Department of Energy (DOE) Secretary, advocated for a forward-thinking “all-of-the-above” energy strategy, integrating fossil fuels with...more
According to a new study published in the journal Renewable Energy, no blackouts occurred when wind, water, and solar electricity supply exceeded 100% of demand on California’s main grid for a record 98 of 116 days from late...more
With a renewed focus on domestic energy production and regulatory reform, the incoming administration signals significant shifts in U.S. energy and climate priorities. The incoming Trump Administration will prioritize...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 week and forthcoming climate-related events and hearings...more
The application portal for the 2024 Low-Income Communities Bonus Credit Program opened on May 28, with a 30-day initial application window ending at 11:59 pm ET on June 27. All applications during the initial window are...more
The U.S. Department of Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the portal for applying for the 2024 low-income communities, or environmental justice, bonus investment tax credit...more
The application cycle for Treasury to award this round of credits will soon open, providing applicants an opportunity to receive significant funding for clean energy, industrial decarbonization and critical materials...more
Last week the Department of Treasury and Internal Revenue Services (IRS) issued procedural guidance for the second year of the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code...more
Bipartisan Infrastructure Law & Inflation Reduction Act Opportunities - Visit our Energy Funding Matrix for a roundup of various federal clean energy funding and financing opportunities. We update the matrix on a biweekly...more
The first commercial-scale offshore wind farm in the United States is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility...more
On Oct. 19, 2023, the Department of Energy began accepting applications for all categories of the Low-Income Communities Bonus Credit Program for small-scale wind and solar projects....more
On October 25, 2023, the Department of Energy (“DOE”) released a draft roadmap addressing challenges to the interconnection of clean energy projects to the transmission grid. The roadmap, developed by the Interconnection...more
The DOE Portal for submitting applications to the "Low-Income Communities Bonus Credit Program" for all four facility categories opens on October 19, 2023, at 9:00 am ET. All applications received by November 18 at midnight...more
The U.S. Department of Defense (DoD) has approved Floventis Energy for the development and operation of CADEMO, the first floating offshore wind farm with 60 MW of capacity, to be located off the California coast near the...more
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more
On August 10, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued final regulations (the “Final Regulations”)1 providing additional guidance to taxpayers on the “Low-Income...more
Jobs in the U.S. energy industry rose 3.8% last year, faster than overall employment growth and led by work in clean energy, the Department of Energy said last Wednesday. According to the U.S. Energy and Employment Report,...more
The application cycle for the first round of credits will soon open. Treasury’s additional guidance clarifies what types of facilities may qualify for credits, the submission process and the selection criteria for evaluating...more
The type of floating wind turbines needed to harness California’s blustery coastal conditions are rare — most turbines are affixed to the ocean floor — posing a technically challenging yet alluring opportunity for innovation...more
The Biden administration announced initiatives on February 22 to prepare states for floating offshore wind, which some say could revolutionize renewables on the West Coast. The plans from the White House, Department of Energy...more
The Inflation Reduction Act of 2022 (the Act) included multiple tax benefits for hydrogen production, storage and utilization, summarized in the following King & Spalding Client Alert. Many of these provisions became...more
In order to obtain and maintain a green real estate loan, the loan recipient must construct or renovate existing buildings to have minimal impact on the environment. The ultimate goal for green architecture is to achieve a...more
● Offshore Oil and Gas at Risk of Potentially Catastrophic Cyberattack: GAO - “The industry includes about 1,600 offshore oil and gas facilities that are highly dependent on remotely connected operational technology, the...more