A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.
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America’s rural electric cooperatives, the member-owned and -operated entities that bring power to 42 million people and cover more than half the country, will soon get their biggest jolt of federal funding since the New Deal law that created them in the first place.
Big oil and energy companies say strict rules for hydrogen tax credits could kill a nascent industry. Clean-energy advocates say that’s dead wrong.
Tens of billions in federal tax credits could build a vital low-carbon hydrogen industry — or increase carbon emissions. We tackle the complexities in a series.
The Inflation Reduction Act will upend key tenets of utility resource planning, including the need for bottom-up forecasting to account for a pending surge in electric vehicle and building load, according to panelists at a National Association of Regulatory Utility Commissioners meeting.
The manufacturing production tax credits for wind, solar and battery components built in the U.S. that were included in the Inflation Reduction Act could have a value of up to 18 cents per watt and are likely to spur interest in domestic production of clean energy, tax experts said during the RE+ conference in Anaheim, California last week.
Growing scale, Inflation Reduction Act subsidies could push green hydrogen prices negative: RE+ panel
With industry efforts already targeting $2/kg hydrogen by 2030, the $3/kg hydrogen subsidy contained in the Inflation Reduction Act could push green hydrogen prices into negative territory in some regions — and render it nearly free in many others, Brenor Brophy, vice president of project development at Plug Power, noted during the RE+ conference last week.
The Inflation Reduction Act of 2022 represents a historic investment in clean energy. The new law with $369 billion dedicated to clean energy could bring consumers tens of thousands of dollars in tax incentives and discounts and nearly $2,000 a year in savings from reduced energy costs, while creating millions of new jobs in construction, service and manufacturing over the next decade. Supporters believe that cleaner air also will prevent thousands of premature deaths a year that stem from indoor and outdoor pollution.
Investments in battery factories, solar panel manufacturing and mining will help the Biden administration meet targets for reducing greenhouse gases.
Renewable energy is set for an unprecedented boom in the US in the wake of its first ever climate bill, with the capacity of solar and wind projects expected to double by the end of the decade and providing the bulk of total American electricity supply, new analysis has shown.