By Valerie Volcovici
(Reuters) – U.S. President Joe Biden’s signing of the Infrastructure Reduction Act (IRA) on Aug. 16 unlocked hundreds of billions of dollars in climate-related investments.
As a result, dozens of energy, automobile and clean technology companies have announced plans to move forward with new projects or accelerate the timeline on previous deals.
Here are some of examples:
EV/BATTERIES
RENEWABLES
* Solar Energy Industries Association and Wood Mackenzie project the U.S. solar market growing 40% more than prior forecasts through 2027 on the heels of the legislation.
BATTERY STORAGE
HEAT PUMPS
DIRECT AIR CAPTURE
(Reporting by Valerie Volcovici in Washington; additional reporting by Nichola Groom in Los Angeles and Ernest Scheyder in Houston; Editing by Lisa Shumaker)
