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LG Energy Solution Announces ESS Revenue Growth, New Products
LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…
Biofuel
Cargill, Bunge Slow Soybean Buying on Stalled US Biofuels Policy
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans due to uncertainty over US biofuels policy.The lack of guidan…
Energy Taxation
IRS Issues Guidance on Registration for 45Z Clean Fuel Production Tax Credit
The U.S. Department of the Treasury and Internal Revenue Service on May 31 issued guidance on how to register for the Section 45Z Clean Fuel Production Tax Cred…
Energy Taxation
Biden Administration Expands Tax Credits Beyond Wind, Solar
The sun rises behind windmills at a wind farm in Palm Springs, California, February 9, 2011. REUTERS/Lucy Nicholson//File Photo Purchase Licensing RightsThe Bid…
Geothermal Power Project
CTR to Receive $30 Million Tax Credit From California to Support Geothermal Lithium Project
Controlled Thermal Resources CEO Rod Colwell and California Governor Gavin Newsom at the project site of CTR in Imperial County (source: Governor Newsom via Twi…
SAF
Biden Administration to Release Low-Carbon Aviation Fuel Tax Credit Model on Tuesday - Sources
A fuel truck fills up the Emirates Airlines Boeing 777-300ER with Sustainable Aviation Fuel (SAF), during a milestone demonstration flight while running one of …
Nuclear Fuel
X-Energy Awarded Federal Tax Credit for Triso Fuel Plant
A USD148.5 million federal tax credit has been awarded to X-energy for the construction of the first-of-a-kind facility in Oak Ridge, Tennessee. The TX-1 fuel f…
Renewable Energy
Albemarle, Cummins Receive Tax Credits Under Biden's Clean Energy Drive
A view of Albemarle lithium mine located on the Atacama salt flat is pictured, in Antofagasta region, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo Purch…
Geothermal Power Plant
Colorado Launches Tax Credit Program for Geothermal Electricity Production
Chalk Creek Canyon, Colorado/ U.S. (source: flickr/ Colorado Luis, creative commons)The State of Colorado thru the Colorado Energy Office (CEO) has opened its f…
Hydrogen Production
Hydrogen Industry Pleads for Easier Path to US Tax Credits
A Hydrogen fuelling pump for vehicles is seen on the base at Camp Pendleton in Oceanside, California December 10, 2014. REUTERS/Mike Blake/File Photo Purchase L…
Offshore Wind Power
US Revises Tax Credit Rule to Help Offshore Wind Projects
The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas t…
United States
Yellen Says Biden Tax Credits Boost Clean Energy Investment in Coal Country
U.S. President Joe Biden speaks next to U.S. Treasury Secretary Janet Yellen during a cabinet meeting in the Cabinet Room of the White House in Washington, U.S.…
Electric Vehicles
GM Says Cadillac Lyriq Again Qualifies for $7,500 US EV Tax Credit
The Cadillac all-electric 2023 Lyriq is displayed during a media day of the North American International Auto Show in Detroit, Michigan, U.S. September 14, 2022…
Green Hydrogen
US Administration Sets Out Rules for Clean Hydrogen Credits
The White House says its tax credit incentive stands to be the most consequential policy supporting the deployment of clean hydrogen in US history - but stipula…
Solar project
First Solar to Sell Up to $700M in 45X Tax Credits
First Solar's module manufacturing facility in Ohio (Courtesy: First Solar)In what both sides are calling the first significant credit transfer of its kind …
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