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Proposed Electrolyzer Requirements for the Hydrogen Tax Credit: Strengths and Risks

Union of Concerned Scientists

In late December, the Treasury Department and the Internal Revenue Service (IRS) released proposed regulations for the Section 45V Clean Hydrogen Production Tax Credit. The tax credit, passed as part of 2022’s Inflation Reduction Act, provides a generous incentive for the production of clean hydrogen. the “three pillars”).

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PJM Interconnection Hears Testimony On Making Electricity Market Reforms To Address Nonperformance Of Natural Gas And Other Generators During Winter Storm Elliot; Transition To Clean Energy

PA Environment Daily

On August 23, the PJM Interconnection Critical Issue Fast Path Resource Adequacy stakeholder group heard testimony and suggestions on the issue of making electricity market changes to address nonperformance of natural gas and other generators during emergencies and events like Winter Storm Elliot in December. Read more here. Read more here.

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PUC: Electric Utilities To Increase Cost Of Electricity They Provide To Non-Shopping Customers Dec. 1, Some As High As 50%; Increases Driven By Price Of Natural Gas

PA Environment Daily

On November 22, the Public Utility Commission alerted consumers and small businesses that most utilities will be adjusting their price to compare for electric generation on December 1st – with potentially large winter energy cost increases in some areas for non-shopping (default service) customers. cents to 7.98 cents to 7.98

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UCS Testimony on the Clean Hydrogen Production Tax Credit

Union of Concerned Scientists

Department of the Treasury is hosting a public hearing on the December 2023 proposed regulations governing implementation of the Section 45V Credit for Production of Clean Hydrogen. The proposed regulations clearly adhere to that framework, fully comporting with a plain reading of the text. Hourly matching.

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How Will DTE’s Long-Term Plan Impact Michigan’s Clean Energy Future?

Union of Concerned Scientists

DTE’s proposal, known as an integrated resource plan, describes how the utility intends to fulfill its customers’ electricity needs over the next 20 years. These types of long-term energy plans include forecasting the amount of electricity customers will need and examining different options for supporting that need.

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Homer City Coal-Fired Power Plant To Close In Indiana County; Low Price Of Natural Gas, High Price Of Coal, Regulatory Burdens, RGGI Cited As Causes

PA Environment Daily

Homer City based its decision on several factors including the low price of natural gas, a dramatic spike in the cost of its ongoing coal supply, unseasonably warm winters and increasingly stringent environmental regulations. A fourth plant-- Montour (1,504) -- announced plans to stop burning coal in 2025.

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Right on Energy: Section 45V Hydrogen Production Tax Credit  

Cresforum

Introduction Hydrogen has been dubbed the “Swiss army knife” of clean energy, given its potential to become a tool to cut emissions in key sectors, as well as to assert U.S. global energy leadership and increase our nation’s competitive edge. According to the U.S. Siting and permitting. Cost parity.