Financing Our Energy Future Act

Key Provisions

• Extends special tax rules to companies generating electric power or thermal energy from qualified renewable resources.
• Lets energy storage projects, like large batteries, use the publicly traded partnership structure.
• Includes projects that generate, store, or distribute power using combined heat and power systems.
• Allows companies transporting or storing certain renewable fuels, including hydrogen, to use these tax rules.
• Includes projects that convert renewable biomass into renewable fuel, or store and transport that fuel.
• Extends the tax structure to facilities that capture carbon dioxide and use it to produce fuels, provided they reduce greenhouse gas emissions by not less than 60 percent.