Treasury and IRS released proposed 45V guidance on credit for hydrogen production, which may be available to some facilities into the 2040s.
Also on the rise: Waaree Energies to build 5 GW solar cell and module factory in Texas. Who’s on top of the residential solar-plus-storage market? And more.
The industry had policy support, including funding for regional clean hydrogen hubs, and some interesting project announcements this year.
Also on the rise: Nova Scotia’s largest utility-scale solar facility is complete. Adapture Renewables acquires 450 MW solar portfolio in MISO region. And more.
Also on the rise: SMA to build 3.5 GW inverter factory in U.S. Residential air source heat pump for cold climates. And more.
Blue hydrogen is a form of the resource produced from fossil fuels, where the carbon dioxide is then captured and stored.
The hydrogen company, Plug Power, issued a warning about its 2023 financial performance due to supply challenges in North America.
Also on the rise: SolarEdge tumbles on significantly reduced Q4 outlook.
The SoHyCal project is located in Fresno and is currently fully operational in its first phase.
The facility will be located at the utility’s DeBary solar plant, which has a 74.5 MW capacity.
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