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Supply Chain & Trade -
Tax Incentives & Appropriations -
Press Releases
ACORE Statement on the Treasury Department’s Proposed Regulations on the Advanced Manufacturing Tax Credit
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released proposed regulations today on the Section 45X Advanced Manufacturing Production Tax Credit for solar and wind components, inverters, batteries, and qualifying critical minerals. Following is a statement from Jose Zayas, Executive Vice President of Policy and Programs for the American Council on Renewable Energy (ACORE):
“ACORE applauds the Biden-Harris administration and members of Congress responsible for enacting into law this critical tax incentive, one of several key tools the industry now has to grow its domestic manufacturing capabilities. Over the past year, nearly $100 billion in clean energy manufacturing investments have been announced, with plans for close to 100 new facilities across the U.S. – including several from ACORE members – that will support thousands of good-paying American jobs.
“However, this remarkable progress is only just beginning. We deeply appreciate the work the Treasury Department and the IRS did to issue these proposed regulations this year, as projections show the Section 45X manufacturing tax credit will help spur billions of dollars in new economic activity over its life. The inclusion of key components, including emerging battery technologies and offshore wind vessels, in addition to prior guidance unlocking the direct pay option for the 45X credit, provides needed clarity for our sector as we work toward achieving the enhanced domestic manufacturing base we need to meet the growing demand for clean and renewable power, secure our grid, lower costs, and maximize American competitiveness.”
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About ACORE:
For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s premier pan-renewable nonprofit organization. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)
Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)
The post ACORE Statement on the Treasury Department’s Proposed Regulations on the Advanced Manufacturing Tax Credit appeared first on ACORE.
https://acore.org/news/acore-statement-on-the-treasury-departments-proposed-regulations-on-the-advanced-manufacturing-tax-credit/
Renewable Energy
The Red Scare
I saw an interview earlier today, in which a TV news journalist (I forget which one) predicted that the threat of communism is going to be the central theme of the Republican leading up to the midterm elections.
This makes sense, given that the target audience is largely unaware that:
In the 1950s, Senator Joseph McCarthy led this nation through a nightmarish effort to imprison anyone with any ties to communism. This is now regarded as one of the greatest miscarriages of justice in U.S. history.
and
There are dozens of social democracies around the globe that offer the citizens extremely high qualities of life. The countries at the top of the World Happiness Rankings are, in order,
- Finland (Score: 7.764)
- Iceland (Score: 7.540)
- Denmark (Score: 7.539)
- Costa Rica (Score: 7.439)
- Sweden (Score: 7.255)
- Norway (Score: 7.242)
- The Netherlands (Score: 7.223)
Now, many MAGA folks can’t find Finland on a map of the world, but it’s that very level of ignorance that makes all this horsecrap work.
Renewable Energy
NOAA Set Up Website — for You
Trump is working hard to dismantling NOAA, the National Oceanic and Atmospheric Administration, the largest collection of American scientists focusing on climate change. He proposed a budget cut of $1.7 billion, or about 27% for 2026. More to the point, he shut down NOAA’s website, that, formerly, gave everyone on Earth the ability to look at key climate-related data.
In response, those scientists, knowing that we can no longer trust the U.S. government for real climate science, have set up Climate.us.
More here, from NPR.
Looks great to me!
Renewable Energy
Why Write?
Here’s a short video that explains why we write.
Like the farmer planting to the seed, we do not know if it will grow into a life-giving plant, but we believe that it’s possible.
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