Francesco Radicati

Participants in the hydrogen economy hold a wide spectrum of views about what should qualify for the Production Tax Credits (PTCs) authorized in the Inflation Reduction Act (IRA) under the U.S. Internal Revenue Service’s (IRS’s) 45V tax code. The IRS has proposed a structure for qualification, known as the “three pillars,” that represents its approach to ensuring that hydrogen production does not induce grid emissions. Those three pillars are incrementality, temporal matching, and deliverability.

The US Supreme Court’s June 2024 decision in Loper Bright Enterprises vs Raimondo, Secretary of Commerce will affect all regulatory agencies under the federal executive branch, including those in charge of energy, environmental, and cybersecurity issues. While Federal Energy Regulatory Commission (FERC) authority over technical issues like tariffs, rates, or regional transmission organization rules will be less affected, the rules governing transmission planning may need to be revisited.

Another week, another big piece of news on the 2024 campaign trail. Last week it was Donald Trump almost getting shot at a rally in Pennsylvania, and this week the big news is Joe Biden deciding not to seek reelection after all. After the Republican National Convention this week, a friend was having anxiety about the GOP's new confidence, and I told him that the news cycle would move on. Listen, though, I didn't expect this.