This might explain the delay in the 45kt Vidalia expansion FID announcement. If SYR can secure an advanced tax credit of +$100m it will go a long way in paying for the balance SYR needs over and above the DOE $350m loan.
Biden to Unveil Winners of Some $2 Billion in Green Tax Credits
- Topsoe will also to get some of the US clean energy awards
- Danish firm expected to use credits for North Carolina plant
19 April 2024 at 4:46 am AEST
Renewable energy company Siemens Energy Inc. and Danish electrolyzer manufacturer Topsoe A/S are among dozens of recipients of around $2 billion in clean energy tax credits set to be announced Friday by the Biden administration. The awards are being rolled out by the Department of Energy, according to people familiar with the matter, who asked not be identified because the details haven’t yet been made public. They’re part of a tax credit program for clean energy manufacturers that got a $10 billion boost through President Joe Biden’s signature climate law, the Inflation Reduction Act.
Topsoe is expected to receive an award of as much as $136 million through the program for use in the construction of a $400 million green hydrogen electrolyzer plant in Chesterfield, Virginia, one of the people said. Energy Secretary Jennifer Granholm is poised to roll out the awards on alongside North Carolina Governor Roy Cooper when they both visit a Siemens Energy facility in Raleigh, North Carolina. The company is in the midst of expanding a plant in Charlotte, North Carolina, to make large power transformers.
The Energy Department didn’t immediately respond to a request for comment. The department announced last month it was awarding a total of $4 billion in credits for over 100 projects, but didn’t disclose the recipients for tax privacy reasons. The companies set to be highlighted in Friday’s announcement agreed to being publicly named.
https://www.bloomberg.com/news/articles/2024-04-18/siemens-energy-among-recipients-of-2-billion-green-tax-credits?srnd=homepage-asia&sref=Vidv4Q0k
- Forums
- ASX - By Stock
- SYR
- General Discussion
General Discussion, page-1125
-
- There are more pages in this discussion • 780 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add SYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $305.2M |
Open | High | Low | Value | Volume |
30.5¢ | 31.5¢ | 28.8¢ | $1.303M | 4.397M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 178939 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.290 |
7 | 192537 | 0.285 |
13 | 432891 | 0.280 |
8 | 131271 | 0.275 |
8 | 116097 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 177598 | 4 |
0.305 | 46000 | 4 |
0.310 | 131154 | 7 |
0.315 | 174000 | 5 |
0.320 | 95059 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
SYR (ASX) Chart |