The U.S. Departments of Energy and the Treasury announced the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the United States.
The Advanced Energy Manufacturing Tax Credit Program is helping build a robust U.S. manufacturing capacity to supply clean energy projects with American-made parts and equipment. On February 7, 2013, the IRS announced the availability of additional 48C allocations, releasing $150 million remaining tax credits that were never fully utilized by previous awardees.
A new carbon capture project in Port Arthur, Texas, gives us a glimpse into a future where CCUS technologies are widely used across industry and power production to capture and utilize CO2, without releasing it into the air.
The Department of Energy’s Office of Electricity Delivery and Energy Reliability has released four reports on the impact of the Recovery Act-funded Smart Grid Investment Grant (SGIG) Program. Under the SGIG Program, investor-owned and municipal utilities, transmission operators, and electric co-ops across the U.S. are deploying a range of smart technologies and systems designed to increase the electric grid’s flexibility, reliability, efficiency, affordability, and resilience.