§45Y Clean Electricity — the technology-neutral PTC
The successor to §45. Any zero-emissions generation qualifies, including new technologies. $0.03/kWh base, 5x with PWA. Tokenized per MWh produced.
The trade
§45Y replaces the technology-specific §45 PTC with a single rule: if your generator has zero greenhouse gas emissions, you qualify. Wind, solar, nuclear, geothermal, hydro — same per-kWh credit, 10-year window.
BV tokenizes per MWh produced, verified via ISO-published meter feeds. The XCT-45Y token includes hourly production timestamp metadata so buyers can match against §45V hourly hydrogen or RFS data center hourly clean-load claims.
OTC Desk
liveBilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.
About the OTC DeskOn-chain marketplace
testnetCredit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.
About §6418 transferabilityMechanics
- Base rate: $0.003/kWh (2026 dollars; inflation-adjusted)
- PWA multiplier: 5x ($0.015/kWh) if prevailing-wage + apprenticeship
- Domestic content bonus: +10%
- Energy community bonus: +10%
- Window: 10 years from placed-in-service date
Trust
- ISO meter feed source for every kWh
- Hourly production timestamp recorded on-chain
- §6418 transferability pre-elected
What this instrument conveys
Conveys contractual transfer rights under §6418 and settlement rights against the credit. It does not convey equity or physical ownership.
Operative terms are set out in the governing documents. Disclosures
More from BV Energy
§45Q — Carbon Sequestration
PlannedTokenized §45Q Carbon Oxide Sequestration Credit. $85/ton for industrial CCS, $180/ton for Direct Air Capture, with subsurface storage verification.
§45U — Existing Nuclear
PlannedTokenized §45U Zero-Emission Nuclear Power Production Credit. Up to $0.015/kWh for existing nuclear, scaled inversely with gross receipts to act as a price floor.
§45V — Clean Hydrogen
TestnetTokenized §45V Clean Hydrogen Production Tax Credit. Up to $3/kg for qualifying lifecycle-carbon-verified hydrogen, with on-chain hourly EAC matching.