Inflation Reduction Act's Energy & Climate Funding

The Inflation Reduction Act bill contains ~$370 billion for Energy & Climate initiatives. You can read the Inflation Reduction Act full text here. It's not a law yet, but the bill contains many opportunities for decarbonization. Here are a couple highlights for carbon capture and hydrogen.

☁️ Carbon Capture

• Enhancements for CCUS and Direct Air Capture to reach $60/ton to $85/ton depending on the facility
• Minimum 1,000 ton facility that captures 75% of emission

❇️ Hydrogen

• Clean hydrogen production tax credit of $3.00/kg of hydrogen
• Transportation and aviation credits that could benefit hydrogen producers
• Benefits for electricity producers if consumer is hydrogen production company

Inside this Issue

🌎 Analysis of Climate and Energy Provisions in the “Inflation Reduction Act of 2022”
📈 Energy Stocks Punch Above Their Weight in Earnings
♻️ Williams Shows Progress Toward 2030 Climate Commitment in Latest Sustainability Report
💰 Octopus Energy Group Completes Fundraise With Existing Investors, Totaling US$550m