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
-
This Electrolyzer Costs 50% Less Than PEM. It Shipped.
Inside This Issue ⚙️ Horizon's 5MW AEM Delivery to Rockcheck Steel Marks a Commercial First 🗺️ Verra Selects Data Service Providers to Produce REDD Risk Maps 🟢 More Green Hydrogen on Its Way 🔌 Ten...
-
California Bets $11m on DAC. The Catch?
Inside This Issue 🌬️ California Commits $11 Million To Advance Direct Air Capture Demonstration Projects 🤝 Colorado And Wyoming Sign Agreement To Coordinate Carbon Storage Permitting 🧪 Deep Tech S...
-
Why Boeing is Buying Crushed Rocks and Charcoal
Inside This Issue ✈️ Boeing Buys 20,000-Ton Portfolio of Biochar, ERW Carbon Removals 📄 Carbonaires Launches RFP for Offtake-Backed Financing of High-Integrity Carbon Removal Projects 🍁 Excluded N...
Company Announcements
-
Verra Selects Data Service Providers to Produce REDD Risk Maps
Verra REDD Risk Map Data Providers Verra has selected Agresta, Space Intelligence, and a consortium of TerraCarbon and Clark Center for Geospatial Analytics (CGA) to produce new jurisdictional act...
-
Delivering FEED for Dow’s Path2Zero Cogen Projectin Canada
Worley’s global team is helping Dow set a new benchmark for industrial decarbonization. Worley has been selected by Dow to provide front-end engineering design (FEED) services under a new engineer...
-
ACR Expands Eligible Sources and Storage in Update to Carbon Capture and Storage Methodology
Version 2.0 expands eligibility for geologic storage to include saline reservoirs and depleted oil and gas reservoirs and extends eligibility for CO2 sources to include biogenic and direct air capt...
-
EU Pulp Mills Face Multi-Billion Carbon Shift as Carbon Capture and Storage (CCS) Emerges
Since January 1, 2026, around 40% of European pulp mills have been excluded from the EU Emissions Trading System, ending nearly two decades of surplus allowance income. Carbon capture and storage i...