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The bill aims to extend and phase out the biodiesel and renewable diesel tax credit. electricity electricity music notes The tax credit would be maintained at its current rate of $1 per gallon for 2018 through 2021. For 2022, the tax credit would be reduced to 75 cents per gallon. In 2023, the credit would fall to 50 cents per gallon, followed by 33 cents per gallon for 2024, after which it would expire.

In addition, the legislation extends several biofuel and bioenergy-related tax credits through 2018, including the second generation biofuel producer credit, the alternative fuel refueling property credit, the credit for electricity produced from certain renewable resources, the special allowance for second generation biofuel plant property, and the excise tax credits relating to alternative fuels.

The National Biodiesel Board has spoken out in support of the legislation. “The biodiesel industry has long advocated for a long-term tax extension to provide certainty and predictably for producers and feedstock providers,” said Kurt Kovarik, vice president of federal affairs at the NBB. “Too often, the credit has been allowed to lapse and then reinstated retroactively, which does not provide the certainty businesses need to plan, invest, and create jobs. tgask We appreciate the recognition that the biodiesel industry is integral to our domestic energy needs through this long-term extension. We look forward to working with our supporters on Capitol Hill to ensure that consumers, producers and marketers benefit from a long-term, forward-looking pro-growth tax policy.”

“ARPA-E’s open solicitations serve a valuable purpose. power kinetic energy They give America’s energy innovators the opportunity to tell us about the next big thing,” said U.S. Secretary of Energy Rick Perry. “Many of the greatest advances in human history started from the bottom up with a single person or idea, and OPEN 2018 provides a chance to open our doors to potentially the next great advancement in energy.”

Lawrence Berkeley National Laboraotory was awarded $3.17 million for a project titled “Metal-supported SOFCS for ethanol-fueled vehicles.” LBNL is developing a metal-supported solid oxide fuel cell (MS-SOFC) stack that produces electricity from an ethanol-water blend at high efficiency to enable light-duty hybrid passenger vehicles. electricity electricity schoolhouse rock According to the DOE, current LBNL MS-SOFCs can heat up from room temperature to the approximately 700 degree Celsius operating temperature in seconds without thermal expansion cracking and tolerate rapid temperature changes during operation, and are mechanically rugged. electricity prices going up However, they currently operate using ethanol fuel, converted into hydrogen and carbon monoxide prior to entering the fuel cell in a process called reforming. The team will use the funding to adapt these MS-SOFCs to handle liquid ethanol-water fuel directly while maintaining their high performance and durability, and will tackle challenges around assembly of cells into stacks to increase power output.

Kona-Hawaii-based Kampachi Farms LLC was awarded $3.4 million for a project titled “KRUMBS—Kyphosid ruminant microbial bioconversion of seaweeds.” The company will develop a new, highly efficient process for the conversion of marine macoalgae seaweeds into a variety of bioproducts, including biofuels. DOE said the team will work with partners to isolate, optimize and deploy microbial consortia and individual microorganisms cap able of rapidly digesting macroalgal biomass in a highly scalable way. The technology is intended to leverage domestic marine biomass resources to reduce the need for imported energy and significantly lower greenhouse gas emissions relative to traditional petroleum-derived fuels and products.