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.

Our May 2024 Energy & Sustainability Washington Update covers several DOE developments, including a final rule setting new clean energy targets for federal buildings, a report addressing commercialization of offshore wind, and a simplified NEPA process for some projects, plus final EPA rules aimed at cutting pollution from fossil fuel–fired power plants and $54 million in federal funding for electric mobility.

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.

Our January 2024 Energy & Sustainability Washington Update covers the upcoming American Climate Corps listening sessions, opposition to the Treasury Department’s Clean Vehicle Tax Credit, advancements toward a national standard for EV charging networks & connectors,  federal funding for an Energy Auditor Training program, a new DOE Office of Critical and Emerging Technology, and an update on new opportunities under the Bipartisan Infrastructure Law and Inflation Reduction Act.

Our December 2023 Energy & Sustainability Washington Update covers the Fifth National Climate Assessment, new funding for climate resilience, the DOE’s new funding opportunity to support the production of advanced batteries and battery materials, new legislation to support bidirectional EV charging, new Bipartisan Infrastructure Law & Inflation Reduction Act opportunities, and the status of the BIL at year two.

Our November 2023 Energy & Sustainability Washington Update covers the House of Representatives Fiscal Year 2024 Energy & Water Spending Bill, the regional clean hydrogen hubs selected to negotiate with the DOE, DOE awards for three new interregional transmission lines, a pending House and Senate bill to modernize American manufacturing, and the Biden administration’s approval of the nation’s largest offshore wind farm and new Bipartisan Infrastructure Law & IRA Opportunities.

Our October 2023 Energy & Sustainability Washington Update covers ML Strategies’ addition of Senior Vice President John Lushetsky to its Washington energy team, the launch of the new American Climate Corps, and new Bipartisan Infrastructure Law and Inflation Reduction Act opportunities, as well as recent successes of the two new laws.

Visit our Energy Funding Matrix for a roundup of various clean energy opportunities. We update the matrix on a biweekly basis and welcome any inquiries about how the Bipartisan Infrastructure Law and Inflation Reduction Act, along with other relevant federal opportunities, may impact your business or organization.

Our July 2023 Energy & Sustainability Washington Update covers new Bipartisan Infrastructure Law & Inflation Reduction Act opportunities, the strong growth in energy-related jobs, IRS and Treasury department guidance on the Section 48C advanced energy tax credit, funding programs for solar power, electric vehicles, and weatherization, plus the Rural Energy Savings Act and legislation aimed at expediting transmission siting and permitting practices.