Congressman Mike Lawler (New York) and Brian Fitzpatrick (Pennsylvania) introduced on October 23rd the American Energy Dominance Act (“AEDA”).
The legislation is stated to have been developed in partnership with North America’s Building Trades Unions.
The stated purpose of the legislation is to restore key energy and efficiency tax incentives.
>> In Other News: MAX Power Engages GLJ Ltd. to Advance Commercial Evaluation of Lawson Natural Hydrogen Discovery
The AEDA would remove the accelerated deadlines for the following:
- Renewable Energy Investment Tax Credit.
- Production Tax Credit.
The provisions are contained in the Inflation Reduction Act enacted during the Biden Administration. Legislation. Legislation in 2025 shortened their timeframes.
By way of summary, the ADEQ’s key provisions include:
- Restoring the 179D Energy Efficient Commercial Buildings Deduction without a scheduled expiration.
- Extending the 45L New Energy Efficient Home Credit through December 31, 2032.
- Extending the 45V Clean Hydrogen Production Credit construction deadline from January 1, 2028, to January 1, 2033.
- Preserving long-term certainty for the 45Y Clean Electricity Production Credit and 48E Clean Electricity Investment Credit to help bring more affordable power online, support job creation, and strengthen domestic energy supply.
A copy of the legislation can be found here.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Cow Manure → Jet Fuel? The World’s First Full Conversion Just Happened
Inside This Issue 🐄 Circularity Fuels Converts Raw Dairy Biogas to Jet Fuel in World First End-to-End Pilot 🌍 Puro.earth Hits Milestone With 1 Million Retired Carbon Removal Certificates 🍁 Alberta...
-
Google Just Bought 35m Gallons of Jet Fuel It Will Never Use
Inside This Issue ✈️ American Airlines and Google Sign Record 35M-Gallon SAF Deal 🛡️ Isometric Launches CORSIA Insurance RFP With Howden 🍁 TKMS, Heirloom Carbon Technologies and Thyssenkrupp Calv...
-
This Washington Plant Just Made Jet Fuel From Air
Inside This Issue ⚡ AirPlant One Opens in Moses Lake: America's First Commercial E-Jet Fuel Plant Begins Operations 🏗️ Inside Holcim’s CaptureLab, Our Industry’s First Carbon Capture Test Platform...
Company Announcements
-
First Bennett Hill drill hole, approximately 15 km from Eatonville Road, returns elevated near-surface H₂ with methane and carbon dioxide below or near detection limits. Montréal, Québec--Newsfile...
-
Aemetis Receives Key Equipment for Mechanical Vapor Recompression at Ethanol Plant
Aemetis, Inc. (NASDAQ: AMTX), a diversified renewable natural gas and biofuels company, announced today that it has received key equipment for its $40 million mechanical vapor recompression (MVR) s...
-
Frontier’s new $915 million advance market commitment expands corporate demand for permanent carbon removal technologies. Google, Stripe, Salesforce and Anthropic are backing solutions including d...
-
NEWARK, Calif. & WARSAW, Poland -- Ohmium International Inc., a leading manufacturer of high-efficiency, modular Proton Exchange Membrane (PEM) electrolyzers, and Hynfra P.S.A., a prominent gre...