Pennsylvania Film Production Tax Credit

Toledo Solar Inc. releases a statement on the most recent Treasury Department's Inflation Reduction Act (IRA) tax policy guidance

Retrieved on: 
Tuesday, May 16, 2023
Tax, U.S. Department of Energy, Office of Inspector General, Pennsylvania Film Production Tax Credit, Partnership, Privacy Office of the U.S. Department of Homeland Security, PTC, Economic policy of the Joe Biden administration, Transport, United States Department of Transportation, IRA, Inflation, Administration, Climate change, Inflation Reduction Act of 2022, Growth, ITC, Tax credit, TSI, Renewable energy, Treasury

However, TSI calls for the closing of significant loopholes in Treasury's Inflation Reduction Act (IRA) guidance issued last Friday.

Key Points: 
  • However, TSI calls for the closing of significant loopholes in Treasury's Inflation Reduction Act (IRA) guidance issued last Friday.
  • Under the program, a 10 percent credit will be awarded to facilities and projects that meet domestic content requirements under the Production Tax Credit (PTC) and/or the Investment Tax Credit (ITC).
  • "The Administration must not allow China to undercut domestic manufacturers like Toledo Solar and Ohio workers who power them with our own tax code.
  • Giving this additional tax benefit to those who cut corners is yet another reward for bad behavior."

Corre Energy Expands Project Operations to North America

Retrieved on: 
Tuesday, January 17, 2023
Rorschach Performance Assessment System, United States Department of Energy, Pennsylvania Film Production Tax Credit, PNNL, Unique, Hydrogen, Technical report, Carbon, Economics, McGrane, Atmosphere, CAES, Eneco, Electricity, Plant, Renewable energy

Corre Energy B.V. has expanded its energy storage project development operations into the United States and Canada.

Key Points: 
  • Corre Energy B.V. has expanded its energy storage project development operations into the United States and Canada.
  • Corre Energy US Development Company LLC, a subsidiary of Corre Energy B.V., has been formally launched to source and develop utility-scale compressed air energy storage (CAES) projects across North America.
  • Our North American operations will also provide opportunities for investors mainly focused on the North American market to participate in financing the debt and equity requirements of our North American subsidiary and its CAES projects.”
    Chet Lyons, a pioneer in the energy storage industry, has been named president of Corre Energy US Development Company LLC.
  • al., “2022 Grid Energy Storage Technology Cost and Performance Assessment,” US Department of Energy, Technical Report Publication No.

The Handy Foundation Selected As Training Partner For California Film Commission's Career Pathways Program

Retrieved on: 
Thursday, November 17, 2022
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LOS ANGELES, Nov. 17, 2022 /PRNewswire-PRWeb/ -- Following a competitive RFP process, the California Film Commission has selected The Handy Foundation as the latest training partner for its Pilot Career Pathways Training Program, which helps prepare individuals from underserved communities for careers in the film and TV production industry.

Key Points: 
  • LOS ANGELES, Nov. 17, 2022 /PRNewswire-PRWeb/ -- Following a competitive RFP process, the California Film Commission has selected The Handy Foundation as the latest training partner for its Pilot Career Pathways Training Program, which helps prepare individuals from underserved communities for careers in the film and TV production industry.
  • The Pilot Career Pathways Training Program is an important component of the state's Film & Television Tax Credit Program 3.0.
  • "With the rise of 'Peak TV,' the need for trained film and TV workers has grown, and The Handy Foundation's involvement in the Career Pathways Program will help ensure California has a diverse and highly skilled workforce for our productions," said California Film Commission Deputy Director of the Tax Credit Program Nancy Rae Stone, who oversees the Career Pathways Program with Program Director Kevin McDonald.
  • The work of the Handy Foundation extends beyond training to include job placement, which makes it unique.

WEC Energy Group to acquire 80% ownership of Maple Flats Solar Energy Center

Retrieved on: 
Monday, October 31, 2022
U.S. Securities and Exchange Commission, Energy Independence and Security Act of 2007, Analysis, Ownership, Securities Act of 1933, Financial condition report, Adoption, Weather, Wisconsin Public Service Corporation, Result, Forward-looking statement, Risk, Industry, Congress, WEC Energy Group, Pennsylvania Film Production Tax Credit, NYSE, Inflation, COVID 19, Invenergy, Investment, Conversation, Security (finance), Securities Exchange Act of 1934, WEC, Peoples Energy, Liquidity, COVID, Farm, Wind, Renewable energy

MILWAUKEE, Oct. 31, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Maple Flats Solar Energy Center.

Key Points: 
  • MILWAUKEE, Oct. 31, 2022 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire an 80% ownership interest in the Maple Flats Solar Energy Center.
  • The Maple Flats Solar Energy Center is a 250-megawatt project.
  • WEC Energy Group's investment is expected to total approximately $360 million for the 80% ownership interest.
  • WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.

 Xendee Microgrid Design Platform Adds New Features to Help Engineers Take Advantage of Inflation Reduction Act Incentives

Retrieved on: 
Thursday, October 20, 2022
Oil, Gas, Building Systems, Coal, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Manufacturing, Technology, Nuclear, Other Manufacturing, Software, Other Energy, Utilities, Engineering, Software, Goal, Pennsylvania Film Production Tax Credit, DER, CO2, Hydrogen, ITC, Tax, CTO, Investment, Technology, Renewable energy

Xendee , a provider of renewable project and microgrid design and decision support software, has launched a series of new features that integrate the latest tax incentives from the new Inflation Reduction Act directly into its platform.

Key Points: 
  • Xendee , a provider of renewable project and microgrid design and decision support software, has launched a series of new features that integrate the latest tax incentives from the new Inflation Reduction Act directly into its platform.
  • These new features allow engineers to proactively design and optimize their energy project based on the real value streams and incentives that are available, said Zack Pecenak, Lead Engineer at Xendee.
  • Instead of just adding these savings in later as a line item, this allows Xendee to plan and optimize the system around the new tax incentives.
  • This creates both a more accurate view of project financials and allows Xendee to optimize the projects in light of the incentives.

$1.1 Billion Tax-Exempt Bonds for Strategic Biofuels Project Approved by the Louisiana Community Development Authority

Retrieved on: 
Thursday, September 8, 2022
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The utilization of waste materials to produce fuels enables the LGF project to utilize these tax-exempt municipal bonds.

Key Points: 
  • The utilization of waste materials to produce fuels enables the LGF project to utilize these tax-exempt municipal bonds.
  • This latest bond cap approval substantially enhances the project financing structure by providing low interest rate project debt, said Dr. Paul Schubert, CEO of Strategic Biofuels.
  • We greatly appreciate the confidence in the project tangibly expressed by the LCDA in their unanimous approval of this increase.
  • Louisiana Green Fuels is the first of a series of projects by Strategic Biofuels LLC in Caldwell Parish, Louisiana.

Greenbacker announces second quarter business update

Retrieved on: 
Wednesday, August 10, 2022
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NEW YORK, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (“Greenbacker,” “GREC,” or the “Company”), a leading green energy investment company and independent power producer, has announced an update on its business for the second quarter of 2022. Year-over-year trends—comparing the second quarter of 2022 with the second quarter of 2021—showed substantial growth across operating capacity, fleet size, and production.1

Key Points: 
  • NEW YORK, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Greenbacker Renewable Energy Company LLC (Greenbacker, GREC, or the Company), a leading green energy investment company and independent power producer, has announced an update on its business for the second quarter of 2022.
  • Year-over-year trendscomparing the second quarter of 2022 with the second quarter of 2021showed substantial growth across operating capacity, fleet size, and production.1
    The power-production capacity of Greenbackers operating fleet doubled, growing just over 100% on a year-over-year basis.
  • As of the end of the quarter, GREC was conducting business in 32 states, Canada, Puerto Rico, and Washington DC.
  • Greenbacker believes that as it executes its strategy of owning and operating renewable energy assets as an IPPwhile also expanding its funds management business as an internally integrated organizationthis update to the Companys financial presentation will better correspond with its business transformation.

Soluna Launches Curtailment Assessment Service for Clean Power Producers

Retrieved on: 
Monday, November 29, 2021
Private Securities Litigation Reform Act, Professional, Security (finance), MTI, Asset, Bleeding, Wind, Technology, AI, Forward-looking statement, Renewable Energy Certificate (United States), Company, U.S. Securities and Exchange Commission, Energy certificate, Nasdaq, Machine learning, Communication, Patent, NDA, Developer, Electronics, MDC, Electricity, Aviation, Maintenance, LinkedIn, PTC, Pennsylvania Film Production Tax Credit, Drohobych Mechanical Technological College, Failure, Farm, Growth, Cryptocurrency, Renewable energy, Construction

Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss.

Key Points: 
  • Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss.
  • Soluna's Curtailment Assessment is a groundbreaking, proprietary service that analyzes a producer's historical data to determine how much additional revenue owners can see by incorporating flexible energy demand on-site from the company's modular data centers.
  • Power partners who are interested in receiving a custom assessment can submit data to Soluna for analysis under NDA.
  • Once received, Soluna's team analyzes the data, develops the custom Curtailment Assessment and a plan to solve the profit bleed.

Soluna Launches Curtailment Assessment Service for Clean Power Producers

Retrieved on: 
Monday, November 29, 2021
Private Securities Litigation Reform Act, Professional, Security (finance), MTI, Wind, Technology, AI, Forward-looking statement, Renewable Energy Certificate (United States), Company, U.S. Securities and Exchange Commission, Energy certificate, Nasdaq, Machine learning, Communication, GLOBE, Patent, NDA, Electronics, MDC, Electricity, Aviation, Maintenance, LinkedIn, PTC, Pennsylvania Film Production Tax Credit, Drohobych Mechanical Technological College, Failure, Farm, Growth, Cryptocurrency, Risk management, Renewable energy, Construction

NEW YORK, NY, Nov. 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (Nasdaq: SLNH) (formerly Mechanical Technology), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it is now offering a custom estimating service for clean energy power plant owners and developers looking to reduce costly curtailment problems. The custom Curtailment Assessment is an NDA-protected review of proprietary, project-level data to estimate both lost and recoverable revenue with the addition of flexible offtake of curtailed power by Soluna’s modular data centers (MDC). 

Key Points: 
  • Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss.
  • Solunas Curtailment Assessment is a groundbreaking, proprietary service that analyzes a producer's historical data to determine how much additional revenue owners can see by incorporating flexible energy demand on-site from the companys modular data centers.
  • Power partners who are interested in receiving a custom assessment can submit data to Soluna for analysis under NDA.
  • Once received, Solunas team analyzes the data, develops the custom Curtailment Assessment and a plan to solve the profit bleed.

Soluna Holdings, Inc. : Soluna Launches Curtailment Assessment Service for Clean Power Producers

Retrieved on: 
Monday, November 29, 2021
Private Securities Litigation Reform Act, Professional, Security (finance), MTI, Bleeding, Wind, Technology, AI, Forward-looking statement, Renewable Energy Certificate (United States), Company, U.S. Securities and Exchange Commission, Energy certificate, NEWS, Nasdaq, Machine learning, Communication, Patent, NDA, Electronics, MDC, Electricity, Aviation, Maintenance, LinkedIn, PTC, Pennsylvania Film Production Tax Credit, Drohobych Mechanical Technological College, Failure, Farm, Growth, Cryptocurrency, Renewable energy, Construction

Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss.

Key Points: 
  • Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss.
  • Soluna's Curtailment Assessment is a groundbreaking, proprietary service that analyzes a producer's historical data to determine how much additional revenue owners can see by incorporating flexible energy demand on-site from the company's modular data centers.
  • Power partners who are interested in receiving a custom assessment can submit data to Soluna for analysis under NDA.
  • Once received, Soluna's team analyzes the data, develops the custom Curtailment Assessment and a plan to solve the profit bleed.