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Bloomberg: Manchin-Schumer Climate Deal Would Boost US Cleantech Makers

Posted by Brian Eckhouse on Jul 28, 2022

Bloomberg reported on the IRA and its impact on cleantech, quoting AEE's Nat Kreamer on what reconciliation means for the clean energy industry. Read snippets below and the full article here.

The landmark US Senate climate deal announced late Wednesday would boost cleantech manufacturing, a sector that’s struggled to compete with China.

If ultimately approved by Congress, the deal would introduce a tax credit over several years for solar-panel making, batteries, wind-power components and other domestically made goods.

“The bill creates the incentives that make it extremely attractive for developers to buy American,” Nat Kreamer, chief executive officer of Washington-based Advanced Energy Economy, said in an interview Thursday. “This is exactly the industrial policy to be an energy leader in the century.”

Read the full article here.

Topics: Federal Policy, AEE In The News, Nat Kreamer