Department of Energy Opens Emissions Value Request Process for Clean Hydrogen Production
Published by Todd Bush on September 30, 2024
Today, the U.S. Department of Energy (DOE) opened its Emissions Value Request Process in support of the U.S. Department of the Treasury’s (Treasury) implementation of the Clean Hydrogen Production Tax Credit (45V) enacted by the Inflation Reduction Act (IRA). The process opening today is for taxpayers whose hydrogen production technology and/or feedstock is not included in the most recent version of the 45VH2-GREET model. These taxpayers can use the Emissions Value Request Process to request an emissions value from DOE, which is necessary to petition the Internal Revenue Service (IRS) for a determination of a provisional emissions rate (PER).
>> In Other News: OCED Announces Notice of Intent to Fund $1.3 Billion for Transformational Emissions Reducing Technologies to Support Our Clean Energy Future
This Process was introduced in Treasury’s December 2023 Notice of Proposed Rulemaking for the 45V tax credit. Treasury then issued a supplemental notice of proposed rulemaking in April 2024 to invite comment on the information collection proposed for the Emissions Value Request Process. DOE and Treasury have considered the comments received by stakeholders, and DOE has now specified procedures and requirements to access the process and is accepting applications.
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
-
Europe's First Full-Scale CO2 Storage Is Now Live
Inside This Issue 🌊 EU's First Full-Scale Carbon Storage Site Goes Live as INEOS Greensand Begins Operations ⚡ IRS 45Z Guidance Reshapes U.S. Biofuel Economics 🏭 Avnos Introduces the Avnos HDAC Mo...
-
Mammoth DAC Plant in Iceland Hits 5x Carbon Removal Output
Inside This Issue 🌱 Climeworks Cuts Mammoth DAC Operating Costs by Over 50% 💰 ExxonMobil Wins Texas Approval for $5bn Carbon Capture Project 🌐 Open Coalition Approves Work Plan and Defines Secreta...
-
Origins Hub Will Store 1.5 Million Tonnes of CO2 in Alberta
Inside This Issue 🍁 Enhance Energy's Origins Hub Reshapes Alberta Carbon Storage 🤝 Carbon Unbound Merges East and West Coast Summits Into One Flagship North American CDR Event 🧭 Vortex Energy Enga...
Company Announcements
-
MAX Power Engages Global Technology Leader Kyndryl to Build Commercialization Strategy for MAXX LEMI
Kyndryl Canada has been engaged to deliver a commercialization strategy and go-to-market plan for MAX Power’s proprietary AI-assisted MAXX LEMI platform, built on Canada’s first confirmed subsurfac...
-
Perdue Farms and Arva Intelligence will serve as the first adopters of the Registry as part of a new pioneering organization each is helping to co-found – an environmental board of trade (EBOT) - ...
-
Exomad Green and Carbonfuture Expand Long-Term Supply as Buyers Prioritize Proven Delivery
The world’s largest supplier of delivered durable carbon removal deepens its commercial collaboration with Carbonfuture as buyers prioritize execution, traceability and reliable delivery SANTA CRU...
-
Avnos Introduces the Avnos HDAC™ Module, Its First Factory-Built Product Line
Avnos enters commercial manufacturing with its first standardized HDAC™ module built, tested and ready for deployment. LOS ANGELES -- BUSINESS WIRE--Avnos, developer of infrastructure-scale Hybrid...