Deployment
Deployment of new technologies and infrastructure is critical to continued reduction of greenhouse gas emissions and access to affordable energy. To ensure America’s continued leadership in lowering emissions, we must remove barriers to access resources, build energy infrastructure, and deploy new clean energy technologies.
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 …
Right on Energy: Section 48 Investment Tax Credit for Energy Storage Read More
CRES Forum Vice President of Policy and Research Richard Campbell penned the following piece for the Washington Times National Clean Energy Week Special Edition: Hydrogen has been discussed for decades as a possible fuel source to produce cleaner, American-made energy. The Infrastructure Investment and Jobs Act (IIJA) designated approximately $8 billion for the development of …
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 …
Right on Energy: Responsible Policy Analysis and Responsible Tax Credits Read More
Expanding and Modernizing Transmission Infrastructure to Facilitate Reliability, Resilience, Lower Costs, and Drive Growth Reliability, Resilience and Clean Energy Transmission infrastructure allows electricity generated in one location to be transported, sometimes over long distances, to distribution lines and ultimately, to the consumer. Long-distance transmission is often necessary for utility-scale wind and solar generation to reach …
ESS, Inc., a global manufacturer of long-duration energy storage systems headquartered outside Portland, OR, has partnered with LEAG, a German energy provider, to develop a clean energy hub for Germany. The project will utilize ESS’ American-designed and manufactured iron flow battery system to help transform a coal-dependent region in Germany into a renewable powerhouse. LEAG …
Clean Energy Hub Partnership Strengthens U.S. Energy Leadership Read More
Permitting reform has proven to be a hot topic throughout the 118th Congress. Provisions that address the duration of environmental review completed under the National Environmental Policy Act (NEPA) were included in the Limit, Save, Grow Act and, later, in the bipartisan budget deal passed earlier this year. While these changes are welcome, there are …
CRES Forum Hosts Permitting Reform Panel Discussion Read More
ExxonMobil and Nucor recently announced a new partnership to capture, transport, and store 800,000 metric tons of CO2 per year from Nucor’s steel manufacturing plant in Louisiana. Nucor’s plant produces direct reduced iron, a raw material used to make high-quality steel products like cars and appliances. This agreement will not only support Louisiana’s objective of …
ExxonMobil and Nucor Enter Partnership to Reduce Carbon Emissions Read More
Industrial emissions have been steadily on the rise and could soon exceed emissions in the power sector as it continues its successful decarbonization efforts. As demand for industrial commodities grows in developing nations, it matters where these goods are produced. In the U.S., manufactured products are 40% more carbon efficient than the world average. Therefore, …
The key to making the most of zero-carbon electricity When the energy produced by renewable technologies such as solar photovoltaic panels or wind turbines exceeds demand, which often happens during Spring and Summer months when there is abundant sunshine, that output is reduced, or curtailed. In short, these resources are taken offline. The production of …
Introduction Since 2005, the United States has led the world in reducing greenhouse gas emissions. While 2021 did see an increase in United States emissions, they were still below 2019 levels and are expected to continue to trend down. Bringing on a new generation of clean energy infrastructure needed to assure reliable power and continued …