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Month: December 2023

IBEW adding dual-axis solar trackers, storage to net zero Detroit HQ expansion

The International Brotherhood of Electrical Workers (IBEW) Local 58 will add three Mechatron Solar dual-axis solar trackers to expansion of their Corktown, Detroit corporate headquarters, the Zero Net Energy Center (ZNE). The planned 118.8 kW system, plus energy storage, are being installed by Motor City Electric during Q1 2024 to achieve Net Zero at the …

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First Solar sells $700 million in 45X manufacturing credits for cash

Only eight days after the Dept. of Treasury and IRS released its proposed rules for Section 45X manufacturing tax credits within the Inflation Reduction Act, First Solar signed two agreements to sell $700 million of its credits to Firserv, a financial services company. Under the terms of the agreements signed on Dec. 22, Fiserv will …

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Treasury proposes rules to qualify for IRA clean hydrogen tax credits

The Dept. of the Treasury proposed guidance on Friday for claiming the 45V Clean Hydrogen Production Tax Credit established within the Inflation Reduction Act. By producing hydrogen with clean, renewable energy sources like solar power, hydrogen can decarbonize industries using heavy machinery. The 45V tax credit provides up to $3 per kilogram of hydrogen to …

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All I want for Christmas is one terawatt of solar deployed annually

Climate change’s varied and often lethal manifestations pose a growing concern for our global civilization. As we face these escalating challenges, it’s crucial for our societies to prepare for more significant and complex hurdles ahead. Yet, amidst these daunting scenarios, a glimmer of hope emerges in the accelerating deployment of solar energy technology. Global solar …

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Insurer: 75% of California rooftop solar companies are high risk, more bankruptcy on the way

Solar Insure told pv magazine USA the financial stability of rooftop solar companies operating in California is in question. Despite this, California reaffirmed recent anti-solar decisions in a recent appeals court hearing. December 22, 2023 A year ago, the California Public Utilities Commission (CPUC) approved NEM 3.0, a rulemaking decision implemented in April 2023 that …

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Johnson Controls unveils water-to-water heat pump for commercial buildings

Johnson Controls says its new 1,406 kW compound centrifugal heat pump is able to deliver high-temperature hot water as high as 170.6 F. The system reportedly has a combined coefficient of performance of 4.9. December 22, 2023 From pv magazine global The U.S.-based industrial conglomerate Johnson Controls introduced a water-to-water compound centrifugal heat pump intended for …

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Clean hydrogen production credit rules announced

Treasury and IRS released proposed 45V guidance on credit for hydrogen production, which may be available to some facilities into the 2040s. December 22, 2023 The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations on the Clean Hydrogen Production Credit established by the Inflation Reduction Act (IRA). “Hydrogen has the potential to …

Clean hydrogen production credit rules announced Read More »

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