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HomeInflation Reduction Act

Inflation Reduction Act

US
Investments

US Inflation Reduction Act ‘to spur $3 trillion investment in renewable energy tech’

April 24, 2023 Mariel Alumit

The US Inflation Reduction Act (IRA) will spur about $3 trillion of investment in renewable energy technology, according to Goldman Sachs. It could double the amount of energy produced by the US shale revolution more than a […]

US
Renewables Not Sustainable

US grid interconnection backlog jumps 40%, with wait times expected to grow as IRA spurs more renewables

April 21, 2023 Mariel Alumit

Dive Brief: The total capacity of energy projects in U.S. interconnection queues grew 40% year-over-year in 2022, with more than 1,350 GW of generation and 680 GW of storage waiting for approval to connect, according […]

Electric Vehicles

Despite $7,500 Inflation Reduction Act Tax Credit, Americans Are Just Not That Into EVs

April 13, 2023 Mariel Alumit

Here’s a peculiar sentiment check that we’re sure will have liberal voting soccer moms across the nation stunned: it looks as though the country simply isn’t rushing out to buy electric vehicles. At least that […]

Energy
Energy Transition

Why Coal Is Necessary for Energy Transition

March 27, 2023 Mariel Alumit

As the nation’s transition to renewable energy gains speed, with the rapid deployment of wind and solar power and grid-scale batteries, a misguided idea is taking hold: there’s no longer any need for coal generation […]

Energy Crisis

Renewable energy investors squeezed by higher interest rates, costs

March 12, 2023 Mariel Alumit

NEW YORK/HOUSTON, (Reuters) – Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious investing: do good while doing well. But sharply higher […]

European
International News

EU pledges wind, solar funding to narrow gap with U.S.

January 24, 2023 Mariel Alumit

January 19 – Last week, European Commission President Ursula von der Leyen said the European Union is planning to mobilize state aid and a sovereign fund for renewable energy companies within a new Net-Zero Industry […]

Green
Electric Vehicles

A Green Trade War Isn’t Good for Consumers or the Planet

January 23, 2023 Mariel Alumit

In response to the Biden administration’s Inflation Reduction Act, which awards $369 billion to green energy technologies, the European Union wants to double down and subsidize its own green industrial base, and in effect manufacture a green […]

EU
Energy Storage

EU announces its own ‘Inflation Reduction Act’ for renewables and energy storage

January 19, 2023 Mariel Alumit

The European Union (EU) has unveiled its plans for its own Inflation Reduction Act-style support package, the Green Deal Industrial Plan, for clean energy technologies including energy storage. The announcement from European Commission President Ursula […]

Electric Grid
Fossil

Grid Infrastructure and Renewable Energy Projects Thrive, Workforce and Supply Chain Issues Continue in 2023

January 3, 2023 Mariel Alumit

The Inflation Reduction Act will spur growth in clean energy and upgrades to grid infrastructure, but workforce shortages and supply chain constraints are likely to challenge power companies for at least the next year or […]

Energy
Investments

How 2022 Changed The Game For Renewable Energy

December 22, 2022 Mariel Alumit

It’s an unprecedented and harsh winter for Europe as the continent faces an energy crisis amidst an economic crisis and a recovery from the Covid-19 pandemic. Russian gas supplies have been cut by over 80% […]

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