Remove 2028 Remove Electricity Remove Greenhouse Remove Regulations
article thumbnail

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. Finding careful resolution to these issues will be a key point of focus over the comment period for these regulations, which is set to run through February 26 th , 2024.

article thumbnail

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. From March 25 to March 27, 2024, the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Senate Hearing: Wholesale Electricity Prices Too Low To Support Coal, Natural Gas Power Plants In Market; Natural Gas Reliability Issues Will Continue

PA Environment Daily

On May 1, the Senate Environmental Resources and Energy Committee was told the wholesale prices of electricity in the PJM regional electric grid are too low to support coal and natural gas power plants. Electric vehicle proliferation, just look at all the mandates related to electric cars.

article thumbnail

Guide to the New SEC Climate Disclosure Rules

Capaccio

Keeping this in mind, there is no one-size-fits-all solution for compliance with the new rules. Greenhouse Gas Emissions The rules require large accelerated filers (LAFs) and accelerated filers (AFs) to disclose material Scope 1 (direct) and Scope 2 ( i.e., electricity, steam, heating, or cooling) greenhouse gas emissions.

article thumbnail

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.

article thumbnail

Right on Energy: Section 45V Hydrogen Production Tax Credit  

Cresforum

Clean hydrogen production relies either on electricity, which may be generated through renewable or fossil fuel resources; or directly on fossil fuels, via steam methane reformation (SMR) or coal gasification accompanied by carbon capture, or via methane pyrolysis. and global hydrogen production by source. Source: U.S. pdf (energy.gov).