Energy

Regional Clean Hydrogen Hubs

The Regional Clean Hydrogen Hub program will fund grants or cooperative agreements for six to ten hydrogen hubs, which are intended to develop a network of hydrogen producers, consumers, and transportation infrastructure. The Department of Energy (DOE) must fund at least one hub using fossil fuels, nuclear energy, and renewable energy and at least one […]

Biofuel Infrastructure and Agriculture Product Market Expansion

The Inflation Reduction Act provided $500 million for grants intended to “increase the sale and use of agricultural commodity-based fuels through infrastructure improvements for blending, storing, supplying, or distributing biofuels.” Past U.S. Department of Agriculture subsidies for similar projects (such as specialized gasoline pumps designed to dispense higher blends of ethanol) have primarily benefited first-generation […]

Alternative Fuel and Low-Emission Aviation Technology Program

The Inflation Reduction Act created a new $297 million grant program for projects related to the production, transportation, blending, and storage of sustainable aviation fuels, in addition to developing, demonstrating, or applying low-emission aviation technologies. The program will be administered by the Department of Transportation. While qualifying sustainable aviation fuels must reduce lifecycle greenhouse gas […]

Sustainable Aviation Fuel Credit

The Inflation Reduction Act created a new tax credit of up to $1.75 per gallon for sustainable aviation fuel. The credit begins on January 1, 2023, and ends on December 31, 2024. Thereafter, a new “clean fuel” tax credit is due to begin in 2025, providing similar subsidies for sustainable aviation fuel. Fuels qualifying for […]

Clean Fuel Production Credit

New production tax credit of at least $0.20 per gallon, up to $1 per gallon, adjusted for inflation, for fuel produced from 2025-2027. Sustainable aviation fuel could receive credit of up to $1.75/gallon. Tax credit would enter into force after biomass-based diesel tax credit expires in 2024. Carbon intensity of fuels must be less than […]

Passive Loss Limitations Exemption

Passive business activity refers to any activity in which a taxpayer has an economic interest but does not “materially participate.” Normally, taxpayers are allowed to deduct the losses they incur from passive activities (passive losses), but only an amount equal to income generated from the activity. Any excess of passive losses over passive income in […]

Amortization of Geological and Geophysical Expenditures

Geological and geophysical expenditures are the costs oil and gas companies incur when gathering data used to determine where oil and gas is located, and in what amounts, as well as where drilling may be most appropriate. They include seismic surveys, electromagnetic surveys, other types of remote sensing, shallow test drilling and bottom sampling. Amortization […]

Fuel Cycle Research and Development

The Fuel Cycle Research and Development program (formerly the Advanced Fuel Cycle Initiative) supports long-term research and development of nuclear fuel and waste management technologies. The goal of the program is to develop and demonstrate advanced, proliferation-resistant fuel cell technologies, to reduce nuclear fuel waste and to demonstrate that these technologies would allow commercial development […]