A year after it was passed, the Inflation Reduction Act is already reshaping the energy and automotive industries in the U.S.
New factories for a wide array of clean energy components are being planned. Old factories are being reopened, retooled, or expanded. According to a Canary Media analysis, that is amounting to over $70 billion in new investments in the manufacturing sector for electric cars, EV parts, batteries, battery recycling, and wind and solar assembly.
Wind, solar, and battery developers are planning major increases in deal flow and projects, thanks to expanded tax credits.
Meanwhile, companies building an emerging set of technologies – like carbon removal, hydrogen, and novel long-duration storage – are also expanding.
But there are still plenty of debates and uncertainties around implementation, ranging from how to structure subsidies, who benefits from them, and whether they’ll be enough to keep supply chains in America for the long haul.
On this week’s episode of The Carbon Copy, we have a conversation with three journalists who are reporting on the lasting impacts of the IRA: Maria Gallucci, a clean energy reporter at Canary Media; Jeff St. John, director of news and special projects at Canary Media; and Julian Spector, a senior reporter at Canary Media.
Read all of Canary’s coverage of how the IRA is impacting America’s domestic energy industry.
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The Carbon Copy is supported by FischTank PR, a specialized climatetech PR firm dedicated to bringing meaningful results for companies in sectors spanning grid edge, solar, energy storage, battery, EVs, alternative fuels, VC and green building. FischTank helps clients stand out in an increasingly competitive and noisy space. Visit FischTank PR to learn more.
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