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US Economy

IRS Proposes Changes to Section 45V of Internal Revenue Code

TL/DR - The Internal Revenue Service (IRS) has proposed a regulation regarding clean hydrogen production credits under the Inflation Reduction Act. The proposal clarifies credit amounts, provides definitions, and details the model for determining greenhouse gas emissions, among other things. The proposal also specifies that producers intending to…
US Economy

Yellen Insists on Bidenomics’ Success

TL/DR - The article criticizes Treasury Secretary Janet Yellen for her role in implementing economic policies that have allegedly harmed the American middle class. It argues that although Yellen acknowledges inflation has decreased, it remains higher than before the pandemic and she omits her contribution to the inflation through advocating for…
US Economy

Region to Benefit from Solar Panels on All Public Buildings

TL/DR - The Greater Cincinnati region could significantly improve its air quality, create jobs, achieve carbon neutrality, and save taxpayer money by tapping into the federal funding from the Inflation Reduction Act. The Climate Pollution Reduction Grant (CPRG), part of the act, could provide up to $500 million for solar panel installation on…
Michigan

EV Demand Falls Short of LG’s Expectations

TL/DR - LG Energy Solution's Q4 ended with slower than expected results due to weaker EV demand. The company's operating profits rose by 42% year-over-year to $258 million, which was significantly lower than the predicted $464.1 million, and revenue declined by 6.3%. Despite the disappointing results, LG continues its $1.7 billion expansion in…