Inflation Reduction Act Fans Red-Hot Trend in Renewable Energy Market
NetworkNewsWire Editorial Coverage: The market for renewable energy enjoys considerable tailwinds due to growing concerns about climate change, energy security and global initiatives to reign in carbon emissions. The tailwinds turned into a tempest late in 2022 when the Inflation Reduction Act (“IRA”) was signed into law. The IRA is the largest investment ever by the U.S. government in renewable energies, earmarking $369 billion to accelerate efforts to reduce dependence on fossil fuels. According to some experts, the IRA is expected to more than triple America’s clean-energy production by 2030, resulting in about 40% of the nation’s energy coming from sources…







