Even though the ink on the Inflation Reduction Act is barely dry, the benefits of the investment in climate action are already showing signs of a breakthrough. A total of $369 billion is available for climate and energy spending, and companies around the USA have already announced new subsidized projects.
It seems like many large projects have hit a tipping point where the additional federal investment makes them economically viable and even necessary.
An EcoWatch report has provided a few interesting examples of some major project announcements.
There are many other reports from different industries, with many of them indicating major investment in the infrastructure requirements for a more robust renewable energy grid.
These are all very significant advances within just weeks of the new bill passing, and we’re likely to see many more projects in the news in the months ahead.
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