The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources told Reuters,...
US outgoing President Joe Biden has signed a bi-partisan bill into law allowing Arizona utility Salt River Project (SRP) to construct a pumped hydro energy storage project. SRP has been considering expanding its pumped storage projects on Arizona’s Salt River reservoir system. It has evaluated two potential sites for such facilities above Apache Lake. The...
Green-energy companies are freaking out, trying to figure out how to navigate the Republican sweep of the White House and Congress. After being a favorite punching bag of President-elect Donald Trump’s campaign, they are contacting incoming cabinet appointees, hunting for friendly members of the transition team and calling on Republican members of Congress, according to executives....
Sen. Rand Paul (R–Ky.) has released his annual Festivus Report, highlighting over $1 trillion in wasteful federal government spending. This year’s report includes a $12 million pickleball court in Las Vegas, $10 billion in maintenance and rent for mostly empty federal buildings, and hundreds of thousands of dollars for censoring nonliberal media (including Reason). Unsurprisingly, the federal...
New York is poised to charge large fossil fuel companies a massive $75 billion over the next 25 years in an effort to curb the effects of climate change under a new law. Gov. Kathy Hochul (D-NY) signed the controversial climate law Thursday, several months after the state legislature passed the bill in the spring. The law looks to establish...
India aims to deploy 40-50 small modular nuclear reactors, mostly to replace captive thermal power plants, as it aims to achieve the goal of net-zero emissions by 2070. A top industry official said that the 220-MWe Pressurised Heavy Water Reactor (PHWR) was being redesigned using 3D design platforms with an aim to achieve a high...
The U.S. Department of Energy (DOE) today announced an investment of $25 million across 11 projects to advance materials, processes, machines, and equipment for domestic manufacturing of next–generation batteries. These projects will advance platform technologies upon which battery manufacturing capabilities can be built, enabling flexible, scalable, and highly controllable battery manufacturing processes. Batteries are...
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world’s largest exporter of the superchilled gas and a key provider of gas to Europe in...
The November election changed America’s direction in many ways, but none more than energy policy. For an example, consider the Biden Administration’s political two-step designed to give a President Kamala Harris the ability to block liquefied natural gas export projects. Recall that in January President Biden, prodded by White House climate adviser John Podesta, announced the Administration was...
The California Public Utilities Commission has approved $722.6 million in ratepayer costs to cover the continued operation of the Diablo Canyon Power Plant — the state’s only functioning nuclear energy source. The plant was scheduled to begin shutting down in November, but its lifespan was extended in a last-minute legislative deal struck by Gov. Gavin...
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