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Can the US Catch Up in the Green Hydrogen Economy?

GreenTechMedia

needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential in the decades to come. million metric tons of hydrogen per year, with an estimated value of about $17.6 The “Roadmap to a U.S.

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Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. EVs, green hydrogen and energy storage. Xcel Energy is asking Minnesota regulators to approve $1.4

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Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

Overview When Congress passed the Inflation Reduction Act of 2022 (IRA), it reinstated (and expanded) the Section 48C tax credit from the American Recovery and Reinvestment Act of 2009. Refurbishes an industrial or manufacturing facility with equipment designed to reduce GHG emissions by at least 20 percent through the installation of: a.

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Innovation could spur the UK's nuclear renaissance

Business Green

Advanced nuclear technologies, modular manufacturing methods and new approaches to project finance could usher a more cost-effective era for the UK's nuclear industry, writes LSE's Esin Serin. As part of its approach to dealing with energy security concerns, the UK government has turned to nuclear power.

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Analysis highlights complex post-2030 grid challenges for UK

Smart Energy International

It shows that during more than half of the time across 2030 (53% of the hours in the year), the UK’s electricity grid is expected to have an oversupply of renewable and nuclear power. For comparison, it is expected that in 2022, the UK will experience an oversupply from these sources for just 6% of the hours. Required capacity.

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What is in the Inflation Reduction Act of 2022? We summarize.

38 North Solutions

Inflation Reduction Act of 2022 . Part 1 (First 3 years or 2022-2024). Should this bill become law, from 2022-2024, these credits are extended and restored to their full value. ZERO EMISSION NUCLEAR POWER PRODUCTION CREDIT. Creates a new production tax credit for nuclear power. CLEAN HYDROGEN.

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Global Briefing: Coronavirus crisis will have 'negligible' impact on emissions without green recovery, study warns

Business Green

Germany advances plans for green hydrogen hub. Plans to build a green hydrogen hub in northern Germany have taken a major step forward with the award of €30m of funding from the German Federal Ministry of Economic Affairs and Energy. Meanwhile, the French government is hoping to revive a number of routes from 2022.