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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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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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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

In addition, the US Energy Information Administration reported increasing electricity generation from renewable sources contributed to lower power prices so far in 2023. In the rush to so-called clean energy. Read more here. and limited duration sources. “In there is little, if any. Click Here for a copy of Sen.

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

Union of Concerned Scientists

Additionally, long-term energy plans consider how utilities will operate their existing power generating facilities and what type of new facilities they might build and when. DTE’s goal is to reach “net-zero” emissions by 2050 while reducing its carbon emissions from 2005 levels 65 percent by 2028, 85 percent by 2035, and 90 percent by 2040.

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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. Homer City was the largest coal-fired power plant still operating in Pennsylvania at 1,915 MW.

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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

“We encourage consumers to carefully review their electric bills, understand the energy prices they will be paying if they stay with default service, and then explore the PUC’s official electric shopping website - PAPowerSwitch.com - for details on competitive offers, along with tips for energy conservation and savings.”

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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.