Nyheter som angår REC , del 2

Flyers
RECSI 18.01.2022 kl 18:05 192080

Etter anmodning, opprettes ny lukket tråd for nyheter som angår Rec. Send meg forespørsel hvis du har nyheter som skal deles. Foreløpig er kun the man invitert.

Nyhetstråd fra 28/3-21 - 18/1-22:

https://finansavisen.no/forum/thread/131735/view
Redigert 07.08.2022 kl 19:02 Du må logge inn for å svare
Taycen
03.07.2022 kl 11:38 11868

Moses Lake port buys more land for railroad project

https://columbiabasinherald.com/news/2022/jun/28/moses-lake-port-buys-more-land-railroad-project/
Redigert 03.07.2022 kl 11:38 Du må logge inn for å svare
Svenn_13
07.07.2022 kl 08:35 11663

Artikkelen er for lang å kopiere, men anbefales å lese for de med interesse for forhandlingene rundt "BBB".

https://www.washingtonpost.com/opinions/2022/07/06/manchin-right-thing-prescription-drugs/
06.07.2022
Mr_Frightened
07.07.2022 kl 09:32 11522

Takk, Svenn for deleing.
Kan se ut som det kan bli satt av 300 MUSD til clean energy.

Noen som husker hvor mye utgangspunktet var?
Svenn_13
08.07.2022 kl 07:45 11562

Schumer plans classified briefing for U.S. senators on chips, technology

Senate Democratic Leader Chuck Schumer has scheduled an all-senators classified briefing on the global innovation and technology race and a proposed bill to boost U.S. semiconductor manufacturing, his office said on Thursday.

Senate Republican Leader Mitch McConnell threatened last week to try to block the bill that would provide $52 billion to subsidize U.S. semiconductor manufacturing and boost U.S. competitiveness with China if Democrats move forward with a social spending and climate bill.

The briefing planned for Wednesday from the Biden administration will focus "on the global innovation and technology race and the bipartisan innovation bill which is vital for America’s long-term national security."

White House spokeswoman Karine Jean-Pierre said Wednesday the Biden administration wants Congress to move quickly, noting Intel Corp (INTC.O) announced it will invest $20 billion to open semiconductor factories in Ohio "and that could expand to as much as $100 billion" if Congress passes chips subsidies.

The Senate legislation, passed in June 2021, included $52 billion for chips subsidies and authorized another $200 billion to boost U.S. scientific and technological innovation to compete with China.

The House version, passed in February, is similar but nearly 3,000 pages long and includes a number of trade proposals not in the Senate bill. Many House provisions are expected to be dropped.

Some fear Congress will not be able to reach a deal before the November congressional elections if it does not come to an agreement in the coming weeks.

A persistent shortage of chips has disrupted the automotive and electronics industries, forcing some companies to scale back production. Commerce Secretary Gina Raimondo, who has been making calls in recent days to try to advance the bill, and many companies think the shortage will last at least until late 2023 if not longer.

Lawmakers warn some major investments in new U.S. chip production could be jeopardized without action from Congress

https://www.reuters.com/world/us/schumer-plans-classified-briefing-us-senators-chips-technology-2022-07-08/
07.07.2022
Taycen
11.07.2022 kl 13:51 11536

Aug 6 og sept 30 blir viktige dato . Det må skje før dette



Ola Electric annonserer masseproduksjon av litium ion batterier med silsium/grafitt i anoden løpet av 2023

Det er en potensiell link til Moses Lake via Group14 samarbeidspartner Storedot.

https://www.siasat.com/ola-electric-unveils-lithium-ion-cell-to-begin-mass-production-by-2023-2367950/
http://www.padovanews.it/2022/03/22/ola-electric-makes-strategic-investment-in-storedot-an-israeli-company-with-extreme-fast-charging-technology/
grabein
13.07.2022 kl 21:26 11020

Sila Earns ISO 9001:2015 Certification, A Key Requirement of Global Automakers and Consumer Electronics Companies

https://www.businesswire.com/news/home/20220713005696/en/Sila-Earns-ISO-90012015-Certification-A-Key-Requirement-of-Global-Automakers-and-Consumer-Electronics-Companies

Takk.

Hvis jeg har forstått dette rett, Porsche vil benytte teknologien til Group14 fra 2024.

En annen ikke navngitt større bilfabrikant vil benytte teknologien allerede i 2023.

Fra linken over:


"Porsche has announced plans to use Group14’s silicon material by 2024, albeit in a limited number of vehicles. Rick Luebbe, the chief executive of Group14, said a major manufacturer would deploy the company’s technology — which he said would allow a car to recharge in 10 minutes — next year.


“At that point all the benefits of electric vehicles are accessible without any disadvantages,” Mr. Luebbe said.”
grabein
14.07.2022 kl 09:33 11778

GM jobber i hvert fall med sitt batteri med silisiumanode, men i fjor var forventet ferdigstilling 2025:

"General Motors (GM)

GM, for example, has begun experimenting with a variety of battery chemistries and manufacturing processes to slash production costs. One of these experiments has been with silicon-rich lithium metal for their next-generation of Ultium batteries, which are projected to be finished in 2025."
https://pvbuzz.com/automakers-silicon-li-ion-battery/

Tesla er fortsatt et wildcard, kan jo tenkes de ønsker å oppgradere 4680 med ekte vare.

Toyota er også investert i slilisiumanoder, men i samarbeid med Nexeon:
https://www.eqmagpro.com/toyota-panasonic-set-collaborate-with-nexeon-for-silicon-based-li-ion-battery-material-development-eq-mag-pro/
SørlieInvest
16.07.2022 kl 21:19 11634

Hvor står det Project Riser?
omac
16.07.2022 kl 21:39 12101

2500 arbeidsplasser
SørlieInvest
16.07.2022 kl 21:58 12043

Så dette var ikke en annen solaktør, kun REC som søker utvidelse eller misforstår jeg noe? JV med noen?
Svenn_13
16.07.2022 kl 22:20 11961

Forstår det slik jeg også. I starten så står det at det er REC Silicon ved Chuck Sutton og Kirt Johnson som søker og lenger ned er en tegning av ingot og wafer fabrikk.
Redigert 16.07.2022 kl 23:01 Du må logge inn for å svare
Flyers
18.07.2022 kl 19:02 11480

“If the Senate will not move to tackle the climate crisis and strengthen our domestic clean energy industry, I will take strong executive action to meet this moment. My actions will create jobs, improve our energy security, bolster domestic manufacturing and supply chains, protect us from oil and gas price hikes in the future, and address climate change. I will not back down: the opportunity to create jobs and build a clean energy future is too important to relent,” wrote Biden.
https://pv-magazine-usa.com/2022/07/18/manchin-blocks-climate-bill-biden-said-he-will-take-executive-action/
manman01
19.07.2022 kl 10:24 10995

Climate bill defeat a blow to U.S. solar production -First Solar CEO
https://www.reuters.com/business/sustainable-business/climate-bill-defeat-blow-us-solar-production-first-solar-ceo-2022-07-19/
JULY 19, 2022
Alternativt: https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fbusiness%2Fsustainable-business%2Fclimate-bill-defeat-blow-us-solar-production-first-solar-ceo-2022-07-19%2F
(Show me a 10ft paywall, I’ll show you a 12ft ladder.)
"
..
The Biden administration has said that it wants clean energy technologies to be produced domestically, and last week announced $56 million in new funding aimed at spurring domestic manufacturing. In June, Biden also invoked the Defense Production Act to spur solar manufacturing at home.

Widmar said those efforts were "not going to move the needle."

Some 90% of U.S. solar panels are made overseas. The bulk of the industry's raw material, polysilicon, is produced in China.

There is growing recognition from project developers that the reliance on China is a major vulnerability for the industry's long-term ambitious, Widmar said, pointing to the surging demand his company has seen this year.

"We're going to almost be sold out through 2026 by the end of this year," he said.

First Solar has spoken to project developers about ways they might collaborate to tackle the problem, possibly by investing jointly in new manufacturing. The two arms of the industry have often found themselves on opposite sides of policy debates, such as over import tariffs.

"I'm a little worried that we're missing a window of opportunity here for U.S. manufacturing that we may never get back again."
..
"
Flyers
19.07.2022 kl 17:40 10808

President Biden could declare a climate emergency as soon as Wednesday, two sources familiar with the plans told The Hill on Tuesday. 
https://thehill.com/policy/energy-environment/3565619-white-house-could-declare-climate-emergency-as-soon-as-wednesday-sources?utm_source=hill_app&utm_medium=social&utm_content=share-link
manman01
22.07.2022 kl 01:41 10380

Advocates Celebrate Wins for Clean Energy in Georgia, Urge Action on Rooftop Solar
https://www.seia.org/news/advocates-celebrate-wins-clean-energy-georgia-urge-action-rooftop-solar
JULY 21, 2022
"
Press Release
ATLANTA – In a victory for Georgia consumers and the clean energy economy, the Georgia Public Service Commission (PSC) voted to approve a solar resource plan that should result in an increase in Georgia Power’s solar energy procurement by 6 to 9 gigawatts through 2035 and add 500 megawatts of battery storage to the energy grid. When paired with solar, energy storage can keep the lights on reliably, even during extreme weather conditions and spikes in electricity demand.

In addition to the solar and storage buildout, the PSC voted unanimously to create a collaborative “Distributed Generation Working Group.” The group — which will be composed of representatives from utilities, the solar industry, and PSC staff — will develop recommendations for growing the distributed energy market in Georgia.

“It’s extremely heartening to see the Commission prioritize growth of distributed renewable energy through the establishment of a working group,” says Tully Blalock, Senior Vice President of SolAmerican Energy and Policy Co-Chair of the Georgia Solar Industries Association (SEIA). “Distributed generation is the clear path forward for Georgia’s economy, workforce, and public health. We’re excited to see the commission recognize the crucial role of distributed generation in such a tangible way.”

Also before the PSC today was a vote to expand Georgia Power’s popular monthly netting program by as much as 15 percent, bringing rooftop solar within reach for 75,000 Georgia households. Commission Vice Chair Tim Echols — who has been a champion for net metering expansion — brought the measure forward, before it failed in a 3-2 vote.

The program, which was introduced as a pilot in 2020, fairly compensates rooftop solar customers for excess electricity produced by their solar systems. The popularity and success of the program were quickly apparent, with thousands of Georgians signing up to receive the benefits of affordable rooftop solar. When the pilot reached its 5,000 customer limit in mid-2021, advocates began urging the PSC to lift the cap and expand solar access across the state.

“We applaud some of the Commission’s decisions today, and are optimistic that the Commission will address net metering in the upcoming Georgia Power rate case to bring affordable rooftop solar within reach for tens of thousands of Georgia families,” says Allison Kvien, Southeast Regulatory Director at Vote Solar. “Monthly netting empowers families to lower their monthly bills and contribute to a cleaner, more resilient energy grid through rooftop solar. We thank Vice Chair Echols and Commissioner McDonald for their leadership on this critical issue, and will continue our efforts to make solar affordable and accessible to all Georgians.”

Georgia, which is ranked 7th in the nation for solar installations, has already experienced the workforce and economic benefits of a thriving solar industry. The state is home to nearly 200 solar companies and supports approximately 4,500 jobs. Further, Georgia has seen $4.9 billion in investments from the solar industry and projections show the state can add almost 2,000 megawatts of solar over the next five years.

“Georgia took significant steps in expanding renewable energy development across the state today,” says Will Giese, Southeast Regional Director at the Solar Energy Industries Association (SEIA). “The solar and storage additions to Georgia Power’s integrated resource plan will help ease the inflation pinch on Georgia families through the procurement of stable, low-cost clean energy. While the Commission missed an important opportunity to expand the state’s net metering pilot, it’s encouraging to see them create a distributed generation working group. In the face of rising energy prices, we will continue to advocate for solutions that expand clean energy access to all Georgia ratepayers.”
"
Taycen
23.07.2022 kl 21:44 9625

39 GW ny europeisk solkraft innen utgangen av 2022
Det er den største økningen på ett år noensinne.

Gode tider for solkraftbransjen

Akselerert solkraftutbygging har gitt gode tider for solkraftbransjen og silisium-verdikjeden.

Blant annet kunne silisumprodusenten Elkem skryte av inntekter på 12,3 milliarder kroner i andre kvartal i 2022, et betydelig hopp fra 7,3 milliarder samme periode i fjor. 6,52 milliarder av årets kvartallsinntekter kommer fra silisiumprodukter.

I tillegg til at råvareprisene generelt har økt, har spotprisen på både mono- og polykrystallinsk silisium økt kraftig. Spotprisen på monokrystallinsk silisium økt fra 11 dollar/kg i starten av 2021 til 38 dollar/kg i juli i år, ifølge tall fra bransjeavisen Bern Reuter.

https://www.tu.no/artikler/39-gw-ny-europeisk-solkraft-innen-utgangen-av-2022/521039
Redigert 23.07.2022 kl 21:46 Du må logge inn for å svare
Zenzor
26.07.2022 kl 09:25 9001

Jeg har ikke sett denne postet noe sted enda, men forslaget ble varslet i februar, så det ble kanskje nevnt da?

"The European Commission (EC) is currently working on new legislation to ban products suspected to be made by forced labour, with a proposal expected in September"

Noen som har tilgang på hele artikkelen? Manman? :D

https://www.pv-tech.org/us-officials-advise-the-eu-on-its-upcoming-forced-labour-legislation/
Zenzor
26.07.2022 kl 12:19 8714

Hehehe, glemte selvfølgelig å sjekke denne.
Mange takk!

Liker denne:


"The trade body said that it was “in the process of developing a Supply Chain Monitoring Programme to ensure that solar PV modules entering Europe comply with international sustainability and labour standards, no matter their country or region of origin.”

Aimed at enhancing “end-to-end transparency and sustainability” across the solar supply chain, the project is supported by 30 leading buyers and suppliers of solar PV equipment, SPE said, adding it expects to announce the programme publicly for the first time, and launch a pilot, in Q3, when it will be able to go into more detail."
manman01
27.07.2022 kl 10:06 8102

U.S. solar company plans panel factory in Panama to challenge Asia
https://www.reuters.com/article/solar-manufacturing-panama-idAFL1N2Z22YD
JULY 26, 2022
Svenn_13
27.07.2022 kl 14:16 7751

Biden to launch plan to bring solar to low-income homes

The news comes as consumers in the U.S. and across the world are facing rising energy costs, largely from spiking fossil fuel prices, including natural gas, the leading source of electricity in the U.S.

Expanding community solar is likely necessary to hit Biden’s climate goals, which include achieving a net-zero electric grid by 2035. It will enable people who rent their homes and have fewer ways to access solar panels or people without the means to finance such investments.

Community solar advocates say the approach democratizes renewable power by allowing people to own a slice of renewable power. But the method has faced some obstacles, as developers in some states have been accused of swindling people.

The Biden initiative therefore attempts to reduce consumer risk by using the federal government to essentially vet those developers. It will allow recipients from the Low Income Home Energy Assistance Program to log on to an online platform and shop for the project of their choice.

https://www.google.com/amp/s/www.politico.com/amp/news/2022/07/26/biden-plan-solar-low-income-residents-00048067
27.07.2022
Redigert 27.07.2022 kl 14:17 Du må logge inn for å svare
manman01
27.07.2022 kl 18:48 7418

Remarks by President Biden in Meeting with the SK Group on Investments in American Manufacturing and Jobs
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/07/26/remarks-by-president-biden-in-meeting-with-the-sk-group-on-investments-in-american-manufacturing-and-jobs/
JULY 26, 2022
"
..
So, tomorrow we will commemorate 69 years since the end of the Korean War. So, the American and Korean relationship is deep and longstanding. Our countries fought side-by-side during the terrible conflict, and now we have worked side-by-side to build the technologies and infrastructures that will power the 21st century economy around the world.

So, SK’s commitment to grow and invest in Korea is enduring. But today, though, we are here to talk about the investment in U.S. So our cooperation will make the supply chain in both our countries more resilient in critical technologies. And the SK Group commitment to the United States runs deep, and we have backed that commitment with $22 billion of investment in U.S. in recent years.

Today, we are announcing another $22 billion in new investment in the U.S., so including the major investment in semiconductor EV batteries and biotechnology.

All this means that SK will invest in nearly $30 billion going forward, expanding on our recent announcement of $7 billion investment in EV batteries.
..
"
grabein
27.07.2022 kl 19:35 7254

Senate passes Chips Act to subsidize semiconductor chip production

52 milliarder dollar! Butte FTW!

https://www.cbsnews.com/news/senate-chips-act-subsidize-semiconductor-chip-production/
Redigert 27.07.2022 kl 19:36 Du må logge inn for å svare

Senate's $280 billion tech bill benefits Montana businesses
TOM LUTEY Jul 27, 2022 Updated 3 hrs ago

The $280 billion high-tech manufacturing and research bill passed by the Senate Wednesday is expected to foster growth in Montana.

Scripted to the ween the U.S. tech industry from dependence on foreign-made semiconductors, the CHIPS and Science Act makes a $52 billion investment in the domestic semiconductor manufacturing industry, including upstream services likes those provided by tech manufacturers in Bozeman, Butte and Kalispell.

“Fundamentally, more manufacturing of semiconductors in the U.S. will be a benefit to us,” said Chuck Sutton, vice president of sales and marketing at REC Silicon, which has a facility near Butte.

The bill passed on a 64-33 vote with both Montana senators, Jon Tester, a Democrat, and Steve Daines, a Republican, in support of the spending. Sutton said he worked with both senators on issues important to the company’s operations in Montana.

REC’s manufacturing facility near Butte is the world’s largest supplier of silane gas and other specialty gasses used in semiconductor production. The plant employs roughly 200 people. Butte operations have been a bright spot for the company as U.S.-China trade disputes shut the door on American polysilicon sales to solar panel manufactures in China, a problem that started with Obama-era tariffs on cheap Chinese solar panels, then worsened under the Trump-era U.S.-China trade war.

By 2018, the U.S. Trade Representative was imposing 25% tariffs on semiconductor products from China, as China retaliated with tariffs of its own. It was during this period that REC’s polysilicon operation in Moses Lake, Washington had to close.

Challenges posed by China tech manufacturing continue to drive U.S. policy. Worries about American overdependence on semiconductors produced in China were at the root of the CHIPS and Science Act. Daines noted in a press release following the Wednesday vote that the United States share of semiconductor production had shrunk to 12% by 2020, down from 37% in 1990.

Meanwhile, China’s share of semiconductor production is trending upward, expected to hit 24% by the end of the decade, as its government is directly subsidizing development of the industry with $1.4 trillion between 2020 and 2025, according to a report published earlier this year by the
Global manufacturing and shipping challenges stemming form the COVID-19 pandemic made the United States’ dependence on foreign semiconductors painfully obvious. In April, speaking Lee Montana Newspapers and other Rocky Mountain media, U.S. Commerce Secretary Gina Raimondo said the nation’s manufacturers had a five-day supply of semiconductors.

“Even more alarmingly, 90% of the world's most sophisticated chips are made in Taiwan, actually a single company in Taiwan. It is those chips that we need for military equipment, artificial intelligence, quantum computing, communication devices, and they're almost all made in Taiwan. Our extreme dependence on other countries for semiconductors means that we're very vulnerable.”

In June 2021, COVID shutdowns at the world’s largest semiconductor manufacturer in Taiwan choked global supply of computer chips.

There are signs that U.S. tech is preparing for a manufacturing surge if the CHIPS and Science Act is signed into law by President Joe Biden. The bill needs to pass through the House as approved by the Senate. An earlier version passed by the House was more than the Senate could muster the required 60 votes to pass.

At June’s end, semiconductor manufacturers Intel, TSMC and Global Foundries signaled they would scale back plans to expand manufacturing if the CHIPS and Science Act didn’t pass. The Wall Street Journal reported that Intel’s $20 billion investment in Ohio chip manufacturing was on hold until Congress took action. Applied Materials, which employs more than 600 people in Kalispell, is a primary supplier for Intel. In May, AM cut the ribbon on a former Shopko building where it plans to add 200 workers.

REC is optimistic that tech manufacturing is scaling up. Sutton said the company’s facility in Moses Lake is reopening, a process requiring restaffing the plant with 75 workers initially, with 100 more to follow as production improves. Domestic demand for polysilicon is an important part of the reopening, more specifically U.S. demand for next-generation lithium batteries in electric vehicles. Next-gen lithium batteries use polysilicon to store energy, which means longer travel distances between charges for electric vehicles.

“I think you are going to start seeing it in the next couple years,” Sutton said of the next-gen lithium battery’s arrival. “If you look at Sila, they’ve actually bought space next door to us in Washington. Group 14 raised $400 million just a few months ago.”

Sila is a lithium battery materials manufacturer from Alameda, California that expects to produce enough material annually at its 160-acre Moses Lake campus for 100,000 to 500,000 electric vehicles. Group 14 is a Washington battery materials company.

It will take a couple years for the battery technology to prove itself for vehicle use, Sutton said.

The bill also spends $420 million over five years, via the Department of Energy, on university research in 25 “EPSCoR states, including Montana. EPSCoR, or Established Program to Stimulate Competitive Research, funds science in underserved states. The current National Science Foundation data for EPSCoR research shows 15 projects funded at Montana universities, including nine at Montana State University in Bozeman, four at the University of Montana in Missoula and two at Montana Tech in Butte. In 2021, DOE awarded $3.3 million to MSU for next-generation battery research.

EPSCoR funding through the Department of Energy averages about $20 million annually. The CHIPS and Science Act more than doubles that annual amount for two years before stepping it up to $75 million and then $100 million in the final year.

In a press release, Daines said “Investing in American semiconductor production, innovation, STEM education and R&D is essential to strengthening our national security, reinforcing the United States’ position as a global leader and winning the race against China.”

Tester, in a press release, noted that the bill provides $800 million for renewable energy development, $1 billion for carbon capture and sequestration research, and $1 billion for modernizing the electric transmission grid.

“This bipartisan legislation is focused on two things: bringing good-paying jobs back to America and maintaining our position as the world’s leading economic power in the face of China’s efforts to dominate the global economy,” said Tester.

https://billingsgazette.com/news/senates-280-billion-tech-bill-benefits-montana-businesses/article_a12152e8-0e05-11ed-87cc-4bbe5a467042.html
Flyers
28.07.2022 kl 10:09 6445

Det er store muligheter for at Rec kan få i både pose og sekk. Republikanerne som stemte for Tech bill føler seg riktignok snytt av Manchin-avtalen, så det bli spennende fremover:
https://thehill.com/homenews/house/3577342-whip-lash-house-gop-moves-to-oppose-chips-plus-bill-in-rebuke-to-manchin-deal?utm_source=hill_app&utm_medium=social&utm_content=share-link

Synes det er veldig merkelig at det hele saken angår direkte REC men finansavisen nevner ikke Rec med et ord engang, men nevner et annet selskap som ikke saken angår dem. Dette kan ikke være annet at det er med vilje å motarbeide Rec som selskap.

https://finansavisen.no/nyheter/finans/2022/07/28/7905835/na-skal-de-ta-opp-konkurransen-med-kina
Redigert 28.07.2022 kl 10:22 Du må logge inn for å svare
grabein
28.07.2022 kl 11:34 6127

Hva slags nyheter er det jeg våkner til? En løsning med Manchin på Reconcilliation!? Dette er uhørt fantastisk!

US to extend Investment Tax Credit for solar at 30% to 2032

JULY 28, 2022 RYAN KENNEDY


As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
In a surprise victory for the solar and clean technology industries, US Senator Joe Manchin and Democrats reached an agreement on a reconciliation bill, dubbed the Inflation Reduction Act of 2022. The bill includes $370 billion in spending for renewable energy and climate measures.

One of the most impactful provisions in the bill, which can be read in full text here, is the long-term extension of the Investment Tax Credit, which has been instrumental in launching the solar industry we know today. The bill calls for a 10-year extension at 30% of the cost of the installed equipment, which will then step down to 26% in 2033 and 22% in 2034.

The tax credit applies to individuals, businesses, and utility-scale developers of solar technology. The 30% credit also applies to energy storage whether it is co-located or installed as standalone energy storage. This enables the retrofit of a battery to a solar array while taking advantage of the credit.

One measure that was hoped for, but is not in the bill, was the “refundability” clause. Refundability means that if the tax credit value exceeds taxes owed on the year, it can be rolled over to the following years for further tax benefits, essentially carrying a negative tax liability balance. This provision was not included, which hampers the value of the credit for some individuals.

There are also several “adders” for the tax credit depending on the type of organization, domestic product use, and project location. ROTH Capital Partners said that the investment tax credit could reach as high as 50% for some projects with the right adders applied.

The credit also includes the “direct pay” provision. This would allow a developer with little or no tax liability to treat the amount of credit as an overpayment of tax which would result in a cash payment refund in the amount of such overpayment being made to the developer.

“With long-term incentives for clean energy deployment and manufacturing, the solar and storage industry is ready to create hundreds of thousands of new jobs and get to work building out the next era of American energy leadership. This is a crucial window of opportunity that we cannot miss, and now Congress must seal the deal and pass this legislation,” said Abigail Ross Hopper, president of the Solar Energy Industries Association.

The bill is expected to head to the Senate floor for a vote as early as next week.
https://www.pv-magazine.com/2022/07/28/us-to-extend-investment-tax-credit-for-solar-at-30-to-2032/