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Tag: ‘GREEN

Group Says It Will Launch World’s Largest Green Hydrogen Project

May 20, 2020
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The post Group Says It Will Launch World’s Largest Green Hydrogen Project appeared first on POWER Magazine.

Global energy company SGH2, part of Washington, D.C.-based Solena Group, said it has a deal with Lancaster, California, to build what the company calls the world’s biggest green hydrogen production plant, set to be in full operation in early 2023.

The company on May 20 said the plant will feature SGH2’s technology that uses recycled mixed paper waste to produce “greener than green” hydrogen. SGH2 said its process “reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper.” The deal with Lancaster, first announced Tuesday, noted that SGH2 makes hydrogen with a plasma heating technology, originally developed for NASA, that will disintegrate recyclable materials at temperatures as high as 7,000F.

The company said its green hydrogen is cost competitive with so-called “gray” hydrogen produced from fossil fuels like natural gas, which comprises most of the hydrogen used in the U.S.…

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‘GREEN Act of 2019’ Extends Tax Credits for Renewables

November 20, 2019
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The post ‘GREEN Act of 2019’ Extends Tax Credits for Renewables appeared first on POWER Magazine.

The Ways and Means Committee of the U.S. House of Representatives on Nov. 19 released a draft tax package for clean energy projects that includes a five-year extension of the 30% solar Investment Tax Credit (ITC), along with new incentives for energy storage.

The legislation also supports incentives for electric vehicles (EVs), offshore and onshore wind farms, and energy efficiency measures, among other items.

“This bill will build on existing tax incentives that promote renewable energy and increase efficiency and create new models for technology and activity to reduce our carbon footprint,” Mike Thompson (D-Calif.), chairman of the Subcommittee on Select Revenue Measures, said in a statement Tuesday.

Critics of the package include six groups—Americans for Tax Reform, Americans for Prosperity, the Center for a Free Economy, FreedomWorks, Heritage Action, and the National Taxpayers Union. Those groups earlier Tuesday shared a letter and asked lawmakers not to extend tax credits or give more support for renewable energy, saying phaseouts of credits adopted in 2015 should be continued.…

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