AUGUST 15, 2024

FEATURE

The Inflation Reduction Act: Two Years On

On August 16, 2022, the Inflation Reduction Act, the most comprehensive clean energy bill in U.S. history, was signed into law. Two years on, the private sector is driving a clean energy boom across the nation, with benefits that include the creation of tens of thousands of new manufacturing jobs, a more secure domestic energy future through the construction of at least 55 GW of new clean energy generation to meet our growing electricity demand, and cost savings for millions of families and businesses.

Learn more about the impressive impact of the IRA in CICE’s latest Insights Blog.

Tucson Chambers send support letter to Congressman Ciscomani ahead of IRA anniversary

The Tucson Metro and Tucson Hispanic Chambers of Chambers both highlighted the IRA's significance for local economic growth, innovation, clean energy access, and job creation, noting its bipartisan support.

Check out the full letter here. 

Additional IRA Resource:

• Check out E2’s Clean Energy Projects Tracker as they track new clean economy projects, expansions, and production announced across America since the Inflation Reduction Act

CLEAN ENERGY ANNOUNCEMENTS

Solarix plans to invest $63M to start a solar panel manufacturing facility, creating 104 jobs in Bedford Country, Virginia

North Carolina to receive $57M to retool a key transmission line which aims to reduce electricity interruptions during extreme weather and create 550 jobs

rPlus Energies secures $1B for 800-MW solar-plus-storage ‘peaker plant’

EDP Renewables completes a 200MW solar project for Meta, enabling them to meet their 100% renewable and net zero goals

Ebon Solar announces an estimated $942M investment in New Mexico’s solar industry

CLEAN ENERGY POLICY

Senate passes Energy Permitting Reform Act to boost U.S. clean energy and climate goals

U.S. senators seek to exclude Chinese PV manufacturers from IRA tax benefits

Eighteen House Republicans urged Speaker Johnson to preserve energy tax credits from the Inflation Reduction Act, citing their role in spurring innovation, investment, and job creation

CICE NEWS

CICE's Southeast Director covers wind turbine signing ceremony in Chowan County

CICE releases policy brief on anti-ESG legislation

What role do EVs play in transportation infrastructure funding? CICE breaks it down in a new brief covering EV registration fees

New issues brief: The Value of Wind & Solar Combined with Energy Storage

CICE intern’s voyage to see the power of offshore wind firsthand

If you'd like to submit content for this newsletter or have questions for our team of clean energy experts, please email us at cicecoordinator@chambersforinnovation.com.