On May 10, 2023, the Internal Revenue Service (IRS) and the U.S. Department of the Treasury (Treasury) released guidance on the Domestic Content Bonus Credit (Bonus Credit) in the Inflation Reduction Act (IRA). The guidance discusses forthcoming proposed regulations concerning the Bonus Credit.Continue Reading New IRA Domestic Content Guidance Set to Bolster U.S. Manufacturers in Energy Supply Chain
The final Scoping Plan (Plan) for New York State’s Climate Leadership and Community Protection Act (“CLCPA” or the “Act”) was passed overwhelmingly by the Climate Action Council (“Council” or “CAC”) on December 19, 2022. The vote was 19 to 3. The Scoping Plan provides recommendations to meet the Act’s mandates, including significantly reducing greenhouse gas emissions, accelerating building and transportation electrification, and securing climate justice.Continue Reading The CLCPA’s Scoping Plan: Fueling Action for Effective Implementation
The fallout from the COVID-19 pandemic and the Russian invasion of Ukraine are only the most recent events that have put enormous strain on clean energy supply chains around the world. This has led to escalating prices of oil and gas, and shortages of the minerals necessary for manufacturing in the clean energy technology sectors.
New York State passed one of the most sweeping and comprehensive climate action laws with the 2019 Climate Leadership and Community Protection Act (Climate Act). The Act set aggressive goals for the State to reduce its carbon footprint and eliminate its reliance on fossil fuels.
A relatively new industry known as Controlled Environment Agriculture (“CEA”) embodies the consumer’s desire for local and organic food, and also accommodates the legal growth of recreational cannabis in many states. The push for locally-sourced foods and other commodities appears to be an enduring trend, both for the provision of higher quality products and for shoring up the supply chain, which showed its fragility during COVID-19.
Bitcoin was introduced in 2008 as a decentralized currency that could be transmitted through a peer-to-peer network and recorded on a ledger known as a “blockchain.” Like any new and emerging industry, cryptocurrencies have been subject to a high level of public, regulatory and legislative scrutiny.
Communities interested in cleaner energy, as well as greater control over their electric supply and reliability, are increasingly turning to microgrids — miniature power systems that serve an individual facility or area with electricity, either on its own or in concert with a larger power grid. Typically, a microgrid consists of energy generation and energy storage that can power a building or community and can be disconnected from the energy grid.
As a well-regarded thought leader in these areas, we will utilize our Renewable Energy Post blog to frame the practical, economic, legal and technical aspects of the debate. Our goal is to engage all interested NYS constituencies, including energy providers, business and property owners, real estate developers, renewable energy developers and operators, and concerned members of the general public. In order to be successful, economic and environmental sustainability must not be mutually exclusive and must be balanced through the eyes of the energy consumer. Continue Reading Renewable Energy Post: Phillips Lytle’s Insights in Real Time
Phillips Lytle Partner and Team Co-Leader of the firm’s Energy Practice David P. Flynn, and Energy Consultant Dennis W. Elsenbeck, were once again recognized as a power leaders on City & State’s 2022 Energy & Environment Power 100 list. Ranking at #68 and #70 respectively, Mr. Flynn and Mr. Elsenbeck have been identified as key players in New York who are helping to reshape the energy industry and rescue our environment. Continue Reading Flynn, Elsenbeck Named to City & State Energy & Environment Power 100
On March 24, 2022, New York State Governor Kathy Hochul announced that New York, New Jersey, Connecticut and Massachusetts plan to submit a joint proposal to the United States Department of Energy (DOE) to secure a portion of the $8 billion set aside for regional hydrogen hubs when applications open in May. This alignment represents a critical step in advancing New York’s Climate Leadership and Community Protection Act (CLCPA) goal to reduce greenhouse gas emissions 85 percent by 2050. Continue Reading New York Leads Four-State Consortium for Portion of $8B Regional Hydrogen Hub Funds