Inflation Reduction Act
Inflation Reduction Act: Landmark U.S. legislation promoting clean energy and climate action
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Redwood Materials, founded by former Tesla CTO JB Straubel, has launched Redwood Energy to repurpose second-life EV batteries for large-scale energy storage systems.
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The U.S. green hydrogen industry, once buoyed by the Inflation Reduction Act and Bipartisan Infrastructure Law, faces significant setbacks due to high production costs and political uncertainty.
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Ford Motor Co. warns its Michigan battery plant and 1,700 jobs could be jeopardized if Congress reduces clean energy tax credits.
The Senate is set to vote on a revised version of H.R.1, the One Big Beautiful Bill Act, which extends wind and solar subsidies but eliminates electric vehicle tax credits.
The Senate Finance Committee's FY2025 budget reconciliation bill extends and expands biofuel (45Z) and carbon-capture (45Q) tax credits, costing $57 billion and $14.2 billion respectively over a decade.