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Surge In Clean Energy Projects After The New Climate Bill

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. 

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“Mining company Piedmont Lithium also announced it will build a processing plant for lithium to be used in batteries in order to lessen U.S. reliance on refineries in China.
Additionally, First Solar intends to invest as much as $1.2 billion for its fourth U.S. factory, due in great part to the incentives for renewable energy investment in the climate legislation.”

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. 

Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.


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