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July 22, 2024

Inflation Reduction Act (IRA)

American Clean Power
American Clean Power Tallies Potential Impact of IRA at $270B
American Clean Power reports investment in the U.S. clean energy sector in the past year exceeds the preceding eight years combined.
Shutterstock
DOE Opens Applications for $8.5B in IRA Home Efficiency Funds
DOE treads carefully on hot-button issue of home electrification, saying rebate programs do not ban or restrict use of other technologies.
© RTO Insider LLC
Plan for GOP President: Cut Climate Programs, ‘Re-examine’ RTOs
If ex-FERC Commissioner Bernard McNamee has his way, the next president will eliminate the federal government’s climate programs and have FERC “reexamine” RTOs.  

© RTO Insider LLC
Hydrogen Tax Credit Design is Key to Decarbonization
The Treasury Department is working to implement the 45v tax credit, which is the largest incentive passed under the Inflation Reduction Act and is meant to incentivize clean hydrogen production.
Wood Mackenzie/EIA
WoodMac: New Solar Hits 54% of New Generation in US in Q1
Recent reports from industry analyst Wood Mackenzie show new solar soaring but energy storage slumping.
Rhodium Group
IRA Gets US Emissions Close to Pledged Levels, Report Finds
The IRA is pushing carbon cuts like no other enacted policy in the U.S.,  but more needs to be done to meet the international pledges from the Paris Agreement, Rhodium Group said in a report.
Gage Skidmore, CC-BY-SA-2.0, via Wikipedia Commons
DeSantis Rejects $346 Million in IRA Energy Efficiency Funds
Florida Gov. Ron DeSantis recently rejected a growing list of federal and state clean energy initiatives.
New Jersey Governor's Office
Murphy Signs OSW Tax Credit Bill
New Jersey Gov. Phil Murphy hailed offshore wind as a once-in-a-generation opportunity to bring billion-dollar investments and millions of union jobs to the state.
Shutterstock
EPA Launches $7B Solar for All Program
The EPA launched a $7 billion grant competition to expand residential solar in low-income communities.
Shutterstock
Clean Hydrogen and Renewable Energy Feud over Tax Credit Rules
Power demands from the upstart clean hydrogen industry could lead to a dirtier electric grid.

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