Pennsylvania Gov. Shapiro announces plan to fast-track power plants and hydrogen projects amid energy crunch

Gov. Josh Shapiro said Thursday that he wants to fast-track the construction of big power plants in Pennsylvania and offer hundreds of millions of dollars in tax breaks for projects that provide electricity to the grid and use hydrogen.
Shapiro, a Democrat, said he wants to start the “next chapter in Pennsylvania’s long story of energy leadership” and keep pace with other states that are attracting big projects, such as data centers and electric vehicle factories.
Shapiro said Pennsylvania is one of just 12 states that doesn’t have an entity to fast-track siting decisions for energy projects. He wants to change that by creating the Pennsylvania Reliable Energy Siting and Electric Transition Board to streamline permitting and support for new energy projects.
For the other tax credits, a user of hydrogen fuel could qualify for up to $49 million a year and an aviation fuel producer could qualify for up to $15 million a year, under Shapiro’s plan. The hydrogen-related tax credits are an attempt to create demand for the two federally subsidized hydrogen-making projects in which Pennsylvania or some of its businesses and institutions play a role, another part of Biden’s agenda to slow climate change.
Shapiro’s plan unveiled last year to make power plant owners in the nation’s third-biggest energy-producing state pay for their greenhouse gas emissions and require utilities to buy more electricity from renewable sources gained no traction in the Legislature.
One project Shapiro said he wants to help is a proposal by natural gas producer CNX Resources to build a $1.5 billion facility at Pittsburgh’s airport to make hydrogen-based fuels.
Source: FORTUNE