Energy Storage News•about 10 hours ago
Interim FEOC guidance from US Treasury refers back to existing safe harbour guidelines
Key Takeaway
The interim FEOC guidance provides essential clarity on supply chain compliance for energy storage, directly impacting developers' ability to secure IRA tax credits and manage project costs.
AI Summary
- •The US Treasury has released interim guidance on Foreign Entity of Concern (FEOC) rules, specifically detailing "Material Assistance" provisions.
- •This guidance relies on existing safe harbour calculations, providing a framework for developers to assess supply chain compliance.
- •Understanding these FEOC rules is critical for energy storage developers to ensure projects qualify for Inflation Reduction Act (IRA) tax credits.
- •The policy update impacts supply chain planning and financial modeling, influencing equipment sourcing and project economics for new developments.
Topics
irapolicystorage