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The U.S. Treasury Department has issued final regulations for clean hydrogen production tax credits, which may significantly impact the renewable energy sector. These regulations implement the Section 45V clean hydrogen tax credit. Critical to developers of hydrogen production projects, they determine the requirements to qualify for the Section 45V credit and resolve disagreements over how to calculate the Carbon Intensity (CI), or life cycle greenhouse gas emissions, for clean hydrogen production projects.

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Photo of Thomas R. Brill Thomas R. Brill

Thomas R. Brill has deep legal and management experience in the energy industry and has represented clients in virtually every electricity and natural gas restructuring proceeding in California for over three decades. Tom also has comprehensive experience in regulatory litigation, as well as…

Thomas R. Brill has deep legal and management experience in the energy industry and has represented clients in virtually every electricity and natural gas restructuring proceeding in California for over three decades. Tom also has comprehensive experience in regulatory litigation, as well as strategy and policy development to address rapidly changing laws, regulations, and market dynamics as well as technological disruptions that are leading to significant changes in the energy industry. Tom also has comprehensive experience addressing issues related to the integration of central station and distributed renewable generation, including electricity storage, smart grid technologies, and the impacts of utility rate design and cost allocation on competitive entry by third party providers and utility stranded cost exposure.

William Garner

William Garner, Co-Chair of GT’s Energy & Natural Resources Practice Group and Chair of the firm’s Renewable Energy Practice Group, focuses his practice on domestic and international hydrocarbon and inert gas transactions and renewable energy. He has experience working on worldwide natural gas

William Garner, Co-Chair of GT’s Energy & Natural Resources Practice Group and Chair of the firm’s Renewable Energy Practice Group, focuses his practice on domestic and international hydrocarbon and inert gas transactions and renewable energy. He has experience working on worldwide natural gas projects, including unconventional gas. He has worked on projects in the United States, Canada, Saudi Arabia, Australia, Poland, Kazakhstan, U.A.E., Algeria, Turkey and Mexico. William has also provided counsel to major energy companies, and served as an investment banker for the world’s leading oil and gas investment banking boutique, advising on domestic and international upstream and midstream transactions.

Photo of David Gillespie David Gillespie

David Gillespie is a transactional lawyer focusing on tax, energy transition and infrastructure. He regularly advises clients on energy-related tax credits under the Inflation Reduction Act from both project development and financing perspectives. His practice includes project development, tax-equity financings, cross-border and domestic…

David Gillespie is a transactional lawyer focusing on tax, energy transition and infrastructure. He regularly advises clients on energy-related tax credits under the Inflation Reduction Act from both project development and financing perspectives. His practice includes project development, tax-equity financings, cross-border and domestic mergers and acquisitions, leasing and other complex transactions, with a concentration in renewable energy. David’s experience includes advising developers, sponsors, major financial institutions, tax equity investors, energy and infrastructure funds, among others in a wide range of sectors, including solar, wind, battery storage, electric vehicles, carbon capture and sequestration, geothermal, nuclear, renewable natural gas, hydro, clean fuels, conventional power, transportation, social infrastructure, rail, aviation, and maritime.

David previously was a founder of an international advisory business for the structured financing of energy, transportation, and infrastructure assets.