Oklahoma’s legislative body has initiated a bill that proposes a rebate scheme for industries specializing in hydrogen refinement, processing, and manufacturing within smaller municipalities. The bill, Senate Bill 1428, requires firms to invest a minimum of $800 million in capital venture before qualifying for a $50 million rebate scheme. Only businesses in municipalities with a population of between 20,000 and 30,000 will qualify for this incentive. The rebate scheme will cover 6.25% of the cost incurred in qualifying capital expenditure. Leftover funds will be used for future projects. This comes after federal officials declined Oklahoma’s proposal to establish a federally sanctioned hydrogen hub, a consortium with Arkansas and Louisiana worth $1.25 billion, instead selecting 16 other states for the country’s $7 billion program under the bipartisan Infrastructure Law.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
