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Renewables are 87% of new U.S. generating capacity so far this year

Renewable Energy World

Most of the balance was provided by natural gas (2,327 MW) coupled with very small contributions from oil (19 MW) and coal (11 MW). available installed generating capacity – a share significantly greater than that of coal (18.88%) and more than three times that of nuclear power (8.32%). by September 2024).

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

38 North Solutions

On April 29, 2024, the U.S. Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. Treasury announced the second round of the 48C tax credit for clean energy manufacturing.

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Germany hits acceleration button on hydrogen infrastructure development

Hydrogen Fuel News

The country is working on making a “hydrogen acceleration law” a reality. The law to accelerate hydrogen infrastructure development is expected to be presented this year. The Economy Ministry stated that the plan is to present the law to fast-track hydrogen this year.

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? Ammonia goes from fertilizer to fuel #180

Climate Tech VC

The current Haber Bosch process relies on fossil fuels (~ 70% natural gas, 30% coal) and emits 2.4 Direct use in turbines: Japanese firm IHI and GE are retrofitting liquid natural gas power plant turbines to run on ammonia. Hawaii replaced its final coal-powered facility with a 565 MWh battery.

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Exelon to Split Generation Business from its Regulated Utilities

GreenTechMedia

announced plans Wednesday to separate its financially challenged nuclear power plant fleet and other generation assets from its multistate regulated utilities business. That scandal has scrambled Exelon’s efforts to seek out state aid for its financially struggling nuclear power plant fleet in Illinois. Exelon Corp.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Schumer’s office, the two-year extension of the federal Investment Tax Credit for solar projects will retain the current 26 percent credit for projects that begin construction through the end of 2022, rather than expiring at the end of 2020 as they would have under existing law. Action by the U.S.

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? H2 hubba, hubba #170

Climate Tech VC

Award winners took a broad swath of color approaches, from green hydrogen powering heavy-duty trucks and port operations, to pink nuclear-powered hydrogen, and blue hydrogen (natural gas with carbon capture) in the Appalachian Hub.  to $86.83 / barrel. Interconnection is getting speedier in California.