The U.S. Department of Energy Office of Clean Energy Demonstrations, recently announced the project recipients selected for negotiation to develop seven regional clean hydrogen hubs across the United States.

The development of clean hydrogen—a key component to meeting the Biden Administration’s ambitious clean energy goals—was bolstered this week by the Administration’s announcements of the Pathways to Commercial Liftoff: Clean Hydrogen report and of $750 million in funding for research, development, and demonstration of clean hydrogen technologies. Because of its reliance on renewable energy, green hydrogen presents a significant opportunity for the offshore wind industry. As highlighted in the White House Ocean Climate Action Report, released on March 21, 2023, offshore wind development is a priority in the United States, with the Administration’s goal to deploy 30 gigawatts of offshore wind by 2030 and 15 GW in floating offshore wind by 2035.

When the American Recovery and Reinvestment Act of 2009 ("ARRA"), was enacted in February 2009, the compliance landscape for state agencies and contractors shifted significantly.  Although promising substantial funds to state agencies, the ARRA also demands a level of transparency and oversight previously unseen in government contracting.  State agencies and contractors need to become knowledgeable regarding these compliance "strings" attached to ARRA funds. This is the first of three updates that will focus on ARRA compliance requirements for state agencies and their contractors or grantees.  This Update focuses on reporting and registration requirements.

On June 30, 2010, the House of Representatives approved the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Financial Reform Act, a comprehensive and expansive set of financial reforms widely thought to be the toughest changes to financial regulation in the United States since the Great Depression.

Until recently, the taxability of Smart Grid Investment Grants (SGIGs) was an undecided issue. Effective March 10, 2010, the Internal Revenue Service (IRS) has announced that these grants will be treated as nonshareholder contributions to the capital of grant recipients and thus not included in their taxable gross income.