Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

OKIsItJustMe

(19,938 posts)
Sun Jul 23, 2023, 06:25 PM Jul 2023

AP: One year old, US climate law is already turbocharging clean energy technology

One year old, US climate law is already turbocharging clean energy technology
BY ISABELLA O’MALLEY AND MICHAEL PHILLIS
Published 8:11 AM EDT, July 23, 2023

FRANKFORT, Ky. (AP) — On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted coal for more than a century.

The U.S. climate law that passed one year ago offers a 30% discount off this installation via a tax credit, and that’s helping push clean energy even into places where coal still provides cheap electricity. For Heather Baggett’s family in Frankfort, it was a good deal.

“For us, it’s not politically motivated,” said Baggett. “It really came down to financially, it made sense.”

On August 16, after the hottest June ever recorded and a scorching July, America’s long-sought response to climate change, the Inflation Reduction Act, turns one year old. In less than a year it has prompted investment in a massive buildout of battery and EV manufacturing across the states. Nearly 80 major clean energy manufacturing facilities have been announced, an investment equal to the previous seven years combined, according to the American Clean Power Association.

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
AP: One year old, US climate law is already turbocharging clean energy technology (Original Post) OKIsItJustMe Jul 2023 OP
Thanks for posting this! Think. Again. Jul 2023 #1
You're welcome! OKIsItJustMe Jul 2023 #2

Think. Again.

(8,937 posts)
1. Thanks for posting this!
Sun Jul 23, 2023, 06:47 PM
Jul 2023

That's a great article, here's a bit more from it but it's definitely worth reading the entire article: https://apnews.com/article/inflation-reduction-act-renewable-energy-policy-economy-d5b0a7f15659930c6c15f0d180b193e8

Derrick Flakoll, North America policy associate at Bloomberg NEF, pointed out that sales at the largest manufacturer of solar panels in the U.S., First Solar, skyrocketed after the law passed, creating a big backlog of orders.

“This is years and years of manufacturing capacity that is already booked out because people are bullish about the U.S.-produced solar market,” he said.

The IRA is also helping technologies that are expensive, but promising for near-term decarbonization.

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 still in its infancy. “The IRA accelerates the implementation of hydrogen at scale by about four to five years,” making the U.S. competitive with Europe, he said.

But these changes, significant as they are, may just be the beginning, experts say.
Latest Discussions»Issue Forums»Environment & Energy»AP: One year old, US clim...