The United States is accelerating into the sustainable energy transition, aided by the landmark Inflation Reduction Act (P.L. 117-169) (IRA) and the Infrastructure Investment and Jobs Act (P.L. 117-58) (IIJA), which provide billions of dollars in funding for renewable and clean energy development, as well as tax credits and incentives that prioritize environmental and equity-focused […]
Siemens Energy plans US power grids push to tap into IRA boost – EQ Mag
HAMBURG : Siemens Energy ENR1n.DE is considering setting up production in the United States to help modernise the country’s power grid, keen for a slice of what is expected to be a multitrillion-dollar market following the Inflation Reduction Act (IRA). The deliberations are part of a broader rethink at the German power conglomerate to expand […]
The fight to define clean hydrogen – EQ Mag
What counts as green hydrogen is a $100 billion dollar question. Last year’s Inflation Reduction Act (IRA) highlighted clean hydrogen’s important role in addressing climate change by offering generous incentives for the burgeoning technology. Now, the U.S. Treasury has to define what “clean hydrogen” actually means, and with $100 billion in hydrogen tax credits on […]
Is Green Hydrogen Always Green? – EQ Mag
Governments shouldn’t be rewarding firms that are actually emitting more CO2e just because they are making hydrogen. The Inflation Reduction Act (IRA), along with Canadian, EU, and other jurisdictional policies, are incenting a transition to green hydrogen, albeit in different ways and with often foolish use cases. If governmental money is a thumb on the […]
GCL-Poly to Abandon Pricey US Expansion Plans – EQ Mag
Bloomberg reports, “US policies are attractive, but not attractive enough.” GCL-Poly Energy Holdings, the world’s second-largest manufacturer of polysilicon, is considering opening its first overseas factory. However, it may abandon plans to build a factory in the United States due to high costs. CEO Lan Tianshi has stated that the company wants to enter foreign […]
Over 105 GW US Domestic Solar Module Manufacturing Plans Announced Since IRA; DOE Now Wants A Trained Workforce – EQ Mag
DOE’s SETO launches RFI to seek inputs for jobs required in the US solar manufacturing industry Focus will be on creation of equitable clean energy workforce, especially for underserved and underrepresented communities It will enable the government to understand challenges and opportunities related with the expansion of local workforce The US Department of Energy (DOE) […]
Push for carbon-free hydrogen accelerates in US – EQ Mag
A source of renewable and storable energy, hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major investments. “America came from nowhere and now they’re in the lead,” Mark Hutchinson, CEO of Fortescue Future Industries, said of America’s ascent in renewable energy in general […]
Solar Industry Awaits Numerous Challenges as IRA Falls Short of Being a Panacea – EQ Mag
US President Joe Biden signed the most ambitious climate act in the history of the country during 2022 through the Inflation Reduction Act (IRA) in the hope of accelerating renewable energy development, though experts have pointed out that it would take another 2-3 years before seeing a sizable growth in solar power. The US will […]
Toward a more orderly US energy transition: Six key action areas – EQ Mag
The US drive to decarbonize is at an inflection point. Critical actions could accelerate the transition while enhancing energy affordability and supporting inclusive economic growth. The passage of the Inflation Reduction Act (IRA)—as well as the commitments made by the federal government to cut greenhouse-gas (GHG) emissions by 50 to 52 percent by 2030 and […]
There were some big climate policy moves in 2022. What’s on tap for the new year? – EQ Mag
When it came to climate change, 2022 offered some reasonably good news and some pretty alarming bad news. On the plus side, the U.S. passed its most significant piece of climate legislation ever, with the Inflation Reduction Act (IRA) — a bill that allocates hundreds of billions of dollars to clean energy and other low-emissions […]
