News & Analysis as of

Hydrogen Power Inflation Reduction Act (IRA) Energy Projects

Jones Day

The One, Big, Beautiful Bill: Impact on Clean Energy Tax Credits

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The One, Big, Beautiful Bill would significantly limit tax credits for clean energy and manufacturing introduced or expanded under the Inflation Reduction Act of 2022....more

Pillsbury Winthrop Shaw Pittman LLP

From “Energy Transition” to “Energy Security”: Assessing the Impact of the Republican Trifecta on the Energy Industry

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

Baker Botts L.L.P.

Final Regulations Issued Regarding Section 48 Investment Tax Credit

Baker Botts L.L.P. on

On December 12, 2024, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) published final regulations (the “final regulations”) regarding the energy credit under Section 48 of the Internal...more

Troutman Pepper Locke

Navigating Clean Hydrogen Tax Credits: Insights and Implications - Energy Law Insights

Troutman Pepper Locke on

Dive into the complexities of clean hydrogen production and the associated tax credits with Troutman Pepper Partners Anne Loomis and Mindy McGrath. In this video, they explore the Inflation Reduction Act’s new production tax...more

ASKramer Law

Energy Tax Credits for a New World Part II: Production Tax Credits and Investment Tax Credits: The Old and the New

ASKramer Law on

What is a Production Tax Credit (PTC)? A Production Tax Credit (PTC) is a per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying clean technologies for the first 10 years of a system’s...more

Troutman Pepper Locke

Fueling Up: How to Make U.S. Clean Hydrogen Projects Happen

Troutman Pepper Locke on

We are pleased to announce the release of our latest whitepaper, Fueling Up: How to Make U.S. Clean Hydrogen Projects Happen. This comprehensive report explores the critical steps needed to unlock the potential of clean...more

Cadwalader, Wickersham & Taft LLP

Tax Insurance May Boost the Market for Energy Tax Credits

The Inflation Reduction Act of 2022 (the “IRA”) now allows firms to develop and sell clean energy tax credits.  In our last update, available here, we discussed the latest developments on the “direct pay” rules, the clean...more

Cadwalader, Wickersham & Taft LLP

Energy Tax Credit Guidance Continues to Blossom

The Inflation Reduction Act of 2022 (the “IRA”) now allows firms to develop and sell clean energy tax credits.  In our last update, we discussed the launch of the new IRS registration portal and the guidance that was released...more

Foley & Lardner LLP

Texas Hydrogen Alliance – “All Things Hydrogen” Event Recap

Foley & Lardner LLP on

On Thursday, January 11, 2024, the Texas Hydrogen Alliance (“THA”) hosted “All Things Hydrogen,” an in-person educational and networking reception held in Houston, Texas at the offices of Foley & Lardner LLP (“Foley”). The...more

Wilson Sonsini Goodrich & Rosati

Clean Energy and Climate Solutions Federal Funding Database

Wilson Sonsini is pleased to share our January 2024 update to the Clean Energy and Climate Solutions Federal Funding Database. This month, the database features funding opportunity announcements (FOAs), notices of intent...more

K&L Gates LLP

Tax Credit Revolution: US Treasury and IRS Propose Section 45V Hydrogen Production Tax Credit Regulations

K&L Gates LLP on

Members of the K&L Gates Hydrogen, Power, Tax, and Tax Policy teams speak with Sandi Safro Osborn, Assistant General Counsel of the Edison Electric Institute, about the proposed regulations the Treasury Department and...more

Morgan Lewis

Treasury and IRS Publish Much-Anticipated Guidance on Clean Hydrogen Tax Credit

Morgan Lewis on

The Internal Revenue Service (IRS) and the US Department of the Treasury (Treasury) recently published proposed regulations (Proposed Regulations) setting forth rules applicable to the credit for the production of clean...more

King & Spalding

IRS and Treasury Issue Section 48 Investment Tax Credit Proposed Regulations

King & Spalding on

Section 48 of the Internal Revenue Code of 1986, as amended (the “Code”) provides for an investment tax credit (“ITC”) for certain energy property. The Inflation Reduction Act of 2022 (the “IRA”) amended Section 48 in several...more

Perkins Coie

DOE Announces Project Recipients for Seven Regional Clean Hydrogen Hubs

Perkins Coie on

The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) recently announced the project recipients selected for negotiation to develop seven regional clean hydrogen hubs across the United States....more

King & Spalding

Field Guide to Clean Hydrogen

King & Spalding on

Hydrogen is a key ingredient in any country’s future energy plans. In the United States, the hydrogen sector is on the launch pad, ready for lift-off. However, its trajectory hinges on a critical question: what criteria...more

Holland & Knight LLP

Treasury Department and IRS Release Direct Pay and Transferability Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment...more

King & Spalding

U.S. DOE Releases Report on Clean Hydrogen Strategy and Roadmap

King & Spalding on

The United States recently took another important step in implementing a comprehensive strategy to advance the production, processing, delivery, storage, and use of clean hydrogen. On June 5, 2023, the Biden-Harris...more

Morgan Lewis - Power & Pipes

Energy Trends and Traps That Will Shape 2023

While no one has a crystal ball for what 2023 will hold for the energy industry, the seemingly widespread support for green technology and clean energy is expected to carry through this year. In our industry outlook, “The...more

Morgan Lewis - Power & Pipes

Funding Opportunity for RD&D of Hydrogen, Fuel Cell Technologies Expected in January 2023

Later this month, the US Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) intends to issue, on behalf of the Hydrogen and Fuel Cell Technologies Office, a funding opportunity announcement...more

Pillsbury Winthrop Shaw Pittman LLP

Canada Announces Major Investment Incentives for Clean Energy and Hydrogen

Canada’s investment tax credits, in part a response to the U.S. Inflation Reduction Act, may offer significant economic benefits to advanced nuclear, other clean energy, and hydrogen projects. Canada’s recent 2022 Fall...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Legal Feature — Recently Announced Clean Hydrogen Hub Program Funding

On September 22, 2022 the Biden-Harris administration announced a historic $7 billion funding opportunity to create regional clean hydrogen hubs (“H2Hubs”). One of the largest-ever public investments in clean hydrogen and in...more

Venable LLP

Venable Celebrates National Hydrogen and Fuel Cell Day After a Banner Year for the Element and the Firm

Venable LLP on

​​​​​​​This has probably been the biggest year for hydrogen so far. Momentum is growing faster than ever behind the idea that hydrogen will play a crucial role in decarbonizing our economy....more

Skadden, Arps, Slate, Meagher & Flom LLP

Growing Opportunities in Clean Hydrogen

Key Points Hydrogen fuel has long been considered a potential clean alternative to fossil fuels because the only byproduct from the combustion of hydrogen is water. However, traditional methane-based hydrogen production...more

Morgan Lewis

United States Gets Serious About Producing Hydrogen at Scale

Morgan Lewis on

The US government took important steps this year to promote a growing hydrogen economy. On August 16, 2022, shortly after the US Department of Energy (DOE) announced a game-changing program to fund $8 billion for the...more

K&L Gates LLP

Hydrogen Rising: The Inflation Reduction Act of 2022 - Tax Credits and Other Incentives for Hydrogen Production and Deployment

K&L Gates LLP on

Elizabeth Crouse, partner and head of the energy tax practice at K&L Gates, discusses the hydrogen-related tax credits and incentives included in the newly-signed-into-law Inflation Reduction Act (IRA). From CI scores, to...more

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