November 18, 2024

Inflation Reduction Act (IRA)

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DOE: Public-private Partnerships Key for Deploying Clean Tech at Scale
DOE gets business friendly. “The private sector has heard that DOE wants to hear their opinions and is willing to be responsive to what they have to say," said LPO Director Jigar Shah.
EPA
EPA Predicts IRA Will Speed Electric Emissions Reductions
A new EPA report predicts significant emissions reductions in the electrical sector because of provisions of the Inflation Reduction Act.
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Treasury Previews ‘Phase 2’ of IRA Tax Credit Rollout

Starting in 2024, consumers buying an electric vehicle that qualifies for a $7,500 tax credit under the Inflation Reduction Act.

NRDC
NRDC Lays out Responsible Tx Expansion Recommendations

The U.S. must double the number of transmission projects permitted and built each year to meet its clean energy potential, according to the NRDC.

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Overheard at Infocast Texas Clean Energy Summit
The Infocast Texas Clean Energy Summit attracted several hundred developers, asset owners, financiers, investors and ERCOT stakeholders to discuss the booming opportunities and looming challenges in today’s renewables environment.
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DOE Puts Up $15.5 Billion to Retool Factories for EVs
DOE announced $15.5 billion from several sources that will help American manufacturers retool for EVs, preserving well-paying jobs in the process.
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DOE Announces $500M in IIJA Funds for CO2 Pipeline Buildout
DOE grants will be used to help developers make up the difference in cost between building CO2 pipelines for current demand versus projected future demand.
DOE
DOE Wants US to Produce 50 Million MT of Clean Hydrogen by 2050
The White House and Department of Energy unveiled a new interagency task force aimed at reaching the administration’s ambitious goals for the deployment of clean hydrogen.
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Commerce Department to Reimpose Tariffs on SE Asian Solar Manufacturers

The Commerce Department's ruling highlights the conflict between U.S. solar industry's ambitious targets for market growth and its ongoing dependence on China for key components.

The White House
DOE: IRA, IIJA Could Add 475 GW of New Solar to US Grid by 2030
The combined impact of the Inflation Reduction Act and Infrastructure Investment and Jobs Act could add up to 475 GW of new solar and 250 GW of new wind power, according to DOE.

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