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December 21, 2024

Inflation Reduction Act (IRA)

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DOE Opens $45M Challenge on Grid Cybersecurity
DOE issued a $45 million challenge for the development of tools and technologies to protect electric, oil and natural gas systems from cyberattacks.
The White House
Biden Signs Inflation Reduction Act
President Biden signed the $740 billion Inflation Reduction Act (H.R. 5376) into law, kicking off an aggressive pre-midterm election campaign.
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Washington’s Tri-Cities Lobbies Granholm for Clean Energy Funding
Leaders from southeastern Washington lobbied DOE Secretary Jennifer Granholm for a piece of the Biden administration’s clean energy spending.
The White House
House Passes IRA, Sends to Biden’s Desk
The U.S. House passed the Inflation Reduction Act, sending the $740 billion package of tax, health and climate provisions for President Biden’s signature.
Resources for the Future
How Much Will the IRA Cut GHG Emissions, Home Energy Costs?
A panel of industry analysts presented their estimates of how much the Inflation Reduction Act would reduce emissions and its impact on household energy costs.
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DOE Launches $675M Program to Build Critical Mineral Supply Chain
DOE is consolidating its portfolio of critical mineral programs in a bid to build a domestic supply chain of materials needed to decarbonize the economy.
PJM
Dominion CEO: SCC Order for OSW Performance Guarantee ‘Untenable’
The Virginia Corporation Commission approved Dominion Energy’s OSW project, but the utility’s CEO said the capacity performance guarantee is “disappointing.”
International Energy Agency
Counterflow: 45Q: Money for Nothing
Columnist Steve Huntoon says the 45Q carbon capture tax breaks in Democrats' climate bill are an enormous subsidy that won't help decarbonization.
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IRA ‘Better than Most’ Bills, Gas Industry Rep Says
Natural gas industry representatives shared what they believe are positive measures in the Inflation Reduction Act during a webinar.
C-SPAN
Senate Passes Inflation Reduction Act
Following a marathon of debate, the U.S. Senate passed the Inflation Reduction Act with all of its $369.75 billion in clean energy spending intact.

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