Excessive heat continues to bear down on sections of the United States, a reminder of the impetus for the The Inflation Reduction Act, the significant climate legislation that turns one year old on August 16
Climate Law Anniversary
“We’ve been talking about bringing manufacturing jobs back to America for my entire life. We’re finally doing it, right? That’s pretty exciting," he said. The law also encourages more of the type of batteries that feed electricity to the grid when the wind is slack, or at night when the sun isn't hitting solar panels. It could put the storage business on the same upward trajectory that solar blazed a decade ago, said Michael McGowan, head of North American infrastructure private markets for Mercer Alternatives, a consulting firm.
Jason Mortimer is senior vice president of global sales at EH2, which makes large, low-cost electrolyzers — machines that split hydrogen from water. Hydrogen as clean energy is The Congressional Budget Office initially estimated the IRA’s tax credits would cost about $270 billion over a decade, but Brookings says businesses might take advantage of the credits far more aggressively and the federal government could pay out three or four times more.
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