New York’s Public Service Commission (“PSC”) issued an order on March 16 modifying its energy storage procurement requirements to give utilities more time to run competitive procurements and support the underlying economics of storage projects for the state’s ambitious energy
Renewable Energy Outlook
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RENEW Wisconsin Renewable Energy Summit
Foley recently sponsored the eleventh annual Renewable Energy Summit in Madison, Wisconsin. The event’s 2023 theme was “Sizing Up the Clean Energy Transformation.” Approximately [600] people attended the conference either in person or virtually. Attendees at the event included representatives…
IRS Releases Guidance on Low-Income Community Credit Adder
On February 13, 2023, the Department of Treasury and the Internal Revenue Service released Notice 2023-17, providing a high-level overview of the program to be established under Section 48(e) of the Internal Revenue Code (the “Code”) related to the…
AI and Carbon Credits: How the Emergence of AI Tools and Technologies Facilitates the Use of Carbon Credits
A carbon credit is a form of instrument or permit that represents one ton of carbon dioxide removed from the atmosphere. While these carbon credits can be purchased by an individual (think Taylor Swift or Floyd Mayweather, who may want…
Projects & Money Recap – Growth and Opportunity in 2023
2023 has just begun, but the energy industry conference circuit is well underway! In this episode of Powered by Foley, we are joined by partner Darin Lowder and Senior Counsel Natalie Neals who headed down to the Big Easy to…
Foley Assisted Client in Obtaining Favorable Resolution in Constitutional Trial Against the Reforms Made to the Electric Industry Law
On October 2021, President Andrés Manuel López Obrador submitted to the Mexican Congress a Bill to amend Articles 25, 27, and 28 of the Mexican Constitution related to energy matters. The purpose of the Bill, named the “Constitutional Bill,” was…
ESG: Tips for the Oil & Gas Boardroom
ESG is increasingly vying for airtime in oil and gas boardrooms as leaders grapple with how best tackle environmental, social and governance challenges. This follows a trend of ESG support throughout all sectors of the U.S. economy. A recent study…
Bitcoin, Crypto-Assets, and the Energy Sector
Crypto-assets such as Bitcoin are often criticized for consuming more energy than entire countries as a result of energy-intensive “mining” activities. However, other crypto-assets such as Ethereum consume significantly less energy and many crypto-asset mining operations use renewable energy or…
The USPTO Joins WIPO GREEN
The United States Patent and Trademark Office (USPTO) has recently joined the WIPO GREEN technology exchange platform of the World Intellectual Property Organization.
WIPO GREEN was established in 2013 with an online technology exchange platform that connects entities with needs…
Foley’s Texas Government Solutions Team – Helping Drive Hydrogen Expansion
By Amy Beard & Craig P. Chick
Recently, McKinsey published a study for the Center for Houston’s Future predicting that hydrogen could add an estimated $100 billion to Texas’ GDP, which is equivalent to 6% of Texas’ 2019 GDP. Texas is already the largest producer of hydrogen…