The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities.
US House of Representatives is set to vote on the proposal to raise the ceiling debt on Wednesday, a step that prevents the US from reaching its debt limit and avert a default.
The US Department of Energy has announced that improvements will be made to two campuses of National Renewable Energy Laboratory (NREL) with funding provided by the Inflation Reduction Act (IRA).
Microinverter supplier Enphase Energy is expected to ship 100MWh of batteries in the current quarter with the gross margin reaching more than 40%, while its net income in the first quarter of 2023 increased by 183.4% year-on-year.
After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.
A provision under the US Inflation Reduction Act allowing for federal tax credit transfers for solar projects is creating whole new market, giving developers flexibility to sell such credits to third parties to capture maximum value or reduce risk, says a legal and commercial advisor.
In an exclusive interview with PV Tech Premium, US senator for Georgia Jon Ossoff explains steps he is taking towards making the state the advanced energy innovation and manufacturing hub of the US, while warning about dependence on Chinese PV products and the national importance of a vertically integrated domestic manufacturing base.
The US government has announced plans to enable states and non-profit entities to apply for US$27 billion in funding, financing projects that can help combat climate change.
