Treasury, IRS release proposed regulations on advanced manufacturing production credit

The Department of the Treasury and the IRS on December 14 issued proposed regulations to implement the advanced manufacturing production credit introduced by the Inflation Reduction Act under Internal Revenue Code Section 45X. Understand what the proposed regulations address, what provisions they include, and next steps.




Generating power: Country’s first large-scale offshore wind project is live

Vineyard Wind announced that its first turbine began sending power to the grid last month. It’s scheduled to be joined by four more turbines operating at full capacity in the coming months. When complete, the 62-turbine offshore wind farm will generate up to 800 megawatts of power, or about enough electricity for 400,000 homes in Massachusetts. Learn more about this watershed moment for offshore wind in the US, and what it means for the industry.


US DOE study: Decarbonization potential of geothermal heat pumps

Mass-scale deployment of geothermal heat pumps can decarbonize buildings and the grid while saving energy, according to a recent study conducted by experts at Oak Ridge National Laboratory and the National Renewable Energy Laboratory. Get a primer on how the technology works, how it can improve power-grid reliability, and the role geothermal can play in a clean energy future.


New York’s ambitious climate goals in jeopardy

While the state has set the goal of generating 70 percent renewable electricity by 2030, that goal and others outlined in New York’s historic 2019 climate law are in serious jeopardy. Buffeted by a number of headwinds, including cancelled offshore wind projects, growing costs, and lack of projects in the pipeline, the state is looking to policy, permitting, and other creative solutions to overcome the setbacks to get back on track.


Clean energy plants are being banned faster than they're being built

Clean energy projects across the country are being delayed, postponed, and even cancelled by local governments and other groups with different reasons for doing so. How the renewable energy industry works through these challenges is crucial to hitting the country’s climate goals.


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