Read ML Strategies’ in-depth analysis of how the results of the November 2024 elections are likely to shape policy in many areas, including energy & sustainability, US-Canada cross-border issues, taxation, health care, international trade, infrastructure, consumer product safety, and financial services, and what to expect in the upcoming lame duck session of Congress.

Our November 2024 Energy & Sustainability Washington Update highlights new energy-related programs and announcements from DOD, DOE, and other agencies, covers energy-related bills recently introduced in Congress, and recaps significant news about the sector.

Read about how the outcome of the presidential election could impact energy and sustainability policy in the inaugural edition of our 2024 Pre-Election Analysis series on how the November 2024 election will impact the legislative and regulatory landscape in a variety of areas.

The highly anticipated guidance for the second round of allocations (Round Two) under the US Treasury’s §48C Qualifying Advanced Energy Project Tax Credit program was released this week pursuant to IRS Notice 2024-36, with concept papers due potentially in the next 45 days.[1] That doesn’t provide applicants much time, but those with eligible projects should strongly consider submitting a concept paper. Submission of a concept paper is required to submit a full application, and receiving a letter of discouragement from the Department of Energy (DOE) on a concept paper does not preclude an applicant from submitting a full application. Moreover, an applicant that applied for but failed to receive an allocation in the first round is not precluded from applying for an allocation in Round Two.

Read about a $425 million funding opportunity issued by the DOE’s Office of Manufacturing Energy Supply Chains. The program aims to support small- and medium-sized manufacturers that produce or recycle advanced energy products or contribute to emissions reductions within the manufacturing sector.

Senior VP of ML Strategies John Lushetsky, Private Equity Practice Co-chair Matthew T. Simpson, Member Paul H. Dickerson, and Project Analyst Raj Gambhir delve into the transformative landscape of cross-border supply chains for critical minerals, EV batteries, and semiconductors. Navigating the intricacies of the Inflation Reduction Act, Defense Production Act, and tax credits, the authors highlight how Canadian companies, considered ‘domestic’ under certain legislations, can harness funding and benefits.