Monthly Archive: December 2022

UPDATE 1-U.S. Treasury will delay EV battery sourcing guidance until March

With a revamped $7,500 electric vehicle tax credit taking effect Jan. 1, the U.S. Treasury Department said on Monday it will delay until March its release of proposed guidance on the required sourcing of electric vehicle batteries. The announcement means some electric vehicles that will not meet the new requirements may have a brief window of eligibility in 2023 before the battery rules take effect. The $430 billion Inflation Reduction Act (IRA) imposes complex restrictions on tax credits based on sourcing of battery components and critical minerals.

Electric Mobility, Cooking, Energy Storage, & Decarbonization To Anchor Kenya Power’s Growth Plan

Kenya Power Lighting Company PLC (Kenya Power) owns and operates most of the electricity transmission and distribution system in Kenya. Kenya Power sells electricity to over 8.9 million customers. During the year ended 30th June 2022, Kenya Power recorded a 6.6% growth in sales to 9,813 gigawatt-hours, mainly supported by an expanding customer base, improved […]