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

38 North Solutions

To help build more resilient, diverse and secure U.S. Electric Vehicles: Manufacturing of power electronics (including semiconductors, modules, and circuits for EV motor traction drives, on-board EV chargers, DC/DC converters, and EV charging stations), permanent magnets, and battery components for use in electric vehicle motors.

Energy 64
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New Sustainable Energy Factbook shows 2020 was ‘blockbuster’ year for renewables in America

Renewable Energy World

clean energy sectors showed strong resilience in 2020, continuing a decade-long growth trend, BloombergNEF (BNEF) and the Business Council for Sustainable Energy (BCSE) find in their annual joint report. Renewables’ contribution to the power grid set another record, rising 11% year-on-year. power in 2020.

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'A good starting point': The green economy reacts to the government's 10 point plan

Business Green

The plan promised to deploy a combination of policy interventions and funding to accelerate the UK development of offshore wind, green hydrogen, nuclear power, electric vehicles, public and active transport, green aviation and shipping, energy efficiency, carbon capture and storage, natural carbon sinks, and clean tech innovation and green finance.

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Autumn Budget and Spending Review 2021: The green economy reacts

Business Green

There were notable fresh announcements regarding business rates relief for green technology investments, £1.7bn funding for a new nuclear power plant this Parliament, and fresh funding for skills, but these were counterbalanced by a hike in Air Passenger Duty and yet another freeze in fuel duty.

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A tale of missing 'E's: The green economy reacts to the Spring Statement

Business Green

But bolder action is needed to encourage businesses to choose Britain for building the next generation of clean industries like sustainable aviation fuel and green hydrogen. It is encouraging that the government's new Investment Zones must support the UK's path to net zero, climate resilience and natural recovery goals.

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September 2021 Cleantech Roundup: Illinois Goes Green | Battery Materials Supply Chain Evolves |…

Clean Energy Trust

Changing Climate Change Beliefs This month, we’re highlighting big climate policy news in Illinois, how the battery materials supply chain is evolving, why sustainable aviation fuels may be a Goldilocks solution, and changing beliefs on climate change. specifically in recycling and reusing rare earth materials.

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Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

And advanced nuclear power production tax credits of 1.5 per gallon for aviation biofuels known as Sustainable Aviation Fuel (SAF), is also included in the Act, backed by stipulations on the emissions benefits on offer from fuels in question. For SAF, the credit starts at $1.25 per gallon. per gallon.