Washington Energy and Sustainability Update — November 2022 | Mintz – ML Strategies
Congress was on recess during October for the final push toward midterm elections on Nov. 8, but executive branch activity related to energy and sustainable development continued.
Treasury and IRS seek public input on IRA tax incentives
In early October, the Treasury Department and the Internal Revenue Service announced six notices seeking public input on key climate and energy-related tax incentives in the Inflation Reduction Act (IRA). As the Treasury noted, almost three-quarters of the IRA’s climate change investments are made through tax incentives. A fact sheet on Treasury and IRS implementation of the IRA can be found by clicking HERE.
The six notices cover energy production incentives, credit enhancements, home and building incentives, consumer vehicle credits, manufacturing credits, and credit monetization. Click on HERE to access the records.
Treasury Roundtable on Clean Energy Generation and the Inflation Reduction Act
As part of a series of events planned to solicit feedback on the implementation of the ERI, Treasury Secretary Janet Yellen joined a roundtable on October 26 focused on clean energy generation . She was joined by John Podesta, the White House’s senior adviser for clean energy implementation and innovation, as well as Treasury climate adviser John Morton and assistant secretary for tax policy Lily Batchelder. . For a playback of the event, click HERE. Future roundtables will focus on other sectors, including clean vehicles and heavy industry.
Department of Energy presents awards for home battery manufacturing
The Department of Energy announced the first round of bipartisan Infrastructure Act funding for projects to expand domestic electric vehicle battery manufacturing and the power grid and for materials and components currently imported from other countries. . Click on HERE to learn more about the selected ones.
GSA and DOE Seek Feedback on Achieving Net-Zero Carbon Buildings
For the FY23 Green Proving Ground program, the U.S. General Services Administration (GSA), in conjunction with the U.S. Department of Energy (DOE), has issued a Request for Information (RFI) on technologies that will help achieve net zero carbon buildings. RFI focuses on emerging technologies that improve operational efficiency and promote healthy workplaces, enable whole-building electrification, facilitate GHG and carbon reduction, provide generation and storage systems on-site energy management and provide electric fleet and charging management solutions. Read more by clicking HERE.
Bipartisan Opportunities in Infrastructure Law
Over the next five years, the bipartisan Infrastructure Act will establish 60 new DOE programs, including 16 demonstration programs and 32 deployment programs, and expand funding for 12 research, development, demonstration and deployment programs. (RDD&D) existing.
In November, the DOE announced the following funding opportunities:
- Rural and Municipal Utilities Advance Cybersecurity Technical Assistance and Grant Program (Request for Information) to inform the DOE’s implementation of the Rural and Municipal Utilities Cybersecurity (RMUC) Advanced Technical Assistance and Grants Program. The objective of the RMUC program is to improve the security posture of rural, municipal and small investor-owned electric utilities through investments in operational capabilities, services, technology deployments and increased participation in threat intelligence sharing programs. Responses are expected by December 19, 2022.
- Initial engineering design (FEED) studies for the production of critical minerals and materials (CMM) from coal-based resources (Notice of Intent) announcing an upcoming Funding Opportunity Announcement (FOA). The DOE plans to award up to $32 million with a minimum of 20% cost-sharing from awardees. The FOA is expected in the first quarter of calendar year 2023.
- Energy improvement in rural or remote areas (Request for Information) soliciting public input to help inform DOE program implementation strategies and funding processes to support energy improvements in rural or remote areas. The Rural or Remote Energy Improvement Program is designed, in consultation with the Department of the Interior, to provide financial assistance to improve, in rural or remote areas of the United States, the resilience, security, reliability and availability of energy; and protecting the environment from the adverse effects of energy production.
- Financing of hydroelectricity (Funding Opportunity Announcements) through three FOAs totaling more than $28 million to support research and development projects that will advance and preserve hydroelectricity as an essential source of clean energy. The financing will support the expansion of low-impact hydropower (such as retrofitting dams that do not produce electricity) and pumped-storage hydropower, the development of new pumped-storage hydropower facilities, and the engagement with key voices on issues such as hydro fleet modernization, sustainability, and environmental impacts.