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Introduction Section 45X of the Internal Revenue Code (IRC) provides an advanced manufacturing production credit to domestic manufacturers of applicable clean energy components. Currently, the United States relies heavily on foreign manufacturers for these components and resources, including adversarial countries like Russia and China. Establishing a robust domestic supply chain requires reducing U.S. dependence on […]

Introduction Hydrogen has been dubbed the “Swiss army knife” of clean energy, given its potential to become a tool to cut emissions in key sectors, as well as to assert U.S. global energy leadership and increase our nation’s competitive edge. According to the U.S. Department of Energy (DOE), switching to low-emissions hydrogen in hard-to-abate sectors […]

Investment tax credits are designed to reduce the cost of technologies and practices and incentivize private investment, resulting in adoption. Section 48 of the tax code provides an investment tax credit specifically for property in the energy sector including qualified small wind, waste energy recovery, qualified biogas and microgrid controllers. Section 48 had previously allowed […]

We’re excited to launch a new blog here at CRES Forum, Right on Energy. We’ll regularly feature responsible policy solutions to timely energy and climate issues that are top of mind for us. Whether it’s novel policy proposals, recently enacted legislation, or the United States’ role in international policymaking, CRES Forum will highlight conservative policy […]

CRES Forum recently convened experts from Congress and industry to answer the multi-billion-dollar question in today’s energy space: Are clean energy tax credits working? (Spoiler alert: the answer is yes.)

The United States' energy security has changed dramatically since U.S. imports peaked in 2007. As the U.S. continues to decarbonize and work towards net zero, many questions must be answered: At what pace and scale will the U.S. need to deploy clean energy technologies to achieve net zero emissions?

The U.S. Energy Storage Association is urging Congress to make stand-alone energy storage eligible for federal Investment Tax Credits (ITCs). The ESA is calling for Congress to pass a 30 percent ITC for energy storage before the end of this year. CRES Forum has previously described energy storage technology as one of the five ways […]

National trade association Advanced Energy Economy (AEE) released a new report, ‘Wholesale Market Barriers to Advanced Energy – And How to Remove Them’, which contains case studies that detail barriers in the wholesale market for advanced energy. The 21 case studies collected by AEE highlights a range of issues preventing the widespread adoption of new […]