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August

01

Inflation Reduction Act's Energy & Climate Funding

Inside this issue

The Inflation Reduction Act bill contains ~$370 billion for Energy & Climate initiatives. You can read the Inflation Reduction Act full text here. It's not a law yet, but the bill contains many opportunities for decarbonization. Here are a couple highlights for carbon capture and hydrogen.

☁️ Carbon Capture

  • Enhancements for CCUS and Direct Air Capture to reach $60/ton to $85/ton depending on the facility
  • Minimum 1,000 ton facility that captures 75% of emission

IRA Carbon Tax Credit

❇️ Hydrogen

  • Clean hydrogen production tax credit of $3.00/kg of hydrogen
  • Transportation and aviation credits that could benefit hydrogen producers
  • Benefits for electricity producers if consumer is hydrogen production company

IRA Hydrogen Credit

Inside this Issue

🌎 Analysis of Climate and Energy Provisions in the “Inflation Reduction Act of 2022”
📈 Energy Stocks Punch Above Their Weight in Earnings
♻️ Williams Shows Progress Toward 2030 Climate Commitment in Latest Sustainability Report
💰 Octopus Energy Group Completes Fundraise With Existing Investors, Totaling US$550m

Articles in this issue

Analysis of Climate and Energy Provisions in the “Inflation Reduction Act of 2022”

www.progressivecaucuscenter.org
On July 27, 2022, Senate Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced a deal to significantly expand the...

Energy Stocks Punch Above Their Weight in Earnings

www.barrons.com
Energy stocks make up just 4% of the S&P 500 but are expected to account for 12% of the index’s earnings in the second quarter. That g...

Williams Shows Progress Toward 2030 Climate Commitment in Latest Sustainability Report

decarbonfuse.com
Williams (NYSE: WMB) announced today the release of its 2021 Sustainability Report, showing specific steps the company has taken toward m...

Octopus Energy Group Completes Fundraise With Existing Investors, Totaling US$550m

decarbonfuse.com
Octopus Energy Group closed its recent funding round, securing US$325m from its existing shareholders on terms agreed during the fundrais...

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