The Inflation Reduction Act (IRA) is a reconciliation bill in
the United States that unlocks $370 billion in climate and energy
investment, supporting a diversity of technologies and
In this report, S&P Global Commodity
Insights' clean energy technology experts detail the main
components and analyze the key implications of the IRA on the solar
PV and battery energy storage, and carbon sequestration, with
- How the technology-neutral extensions of the ITC and PTC drive
significant incentives for the energy storage and solar PV
- Policy stability to boost local solar PV manufacturing
investments and reduce supply chain bottlenecks caused by a massive
surge in demand.
- Battery supply chain measures will provide a strong incentive
to expand US cell manufacturing facilities, but is it enough to
draw the wider supply chain away from China?
- The IRA impacts the eligibility of the CCUS projects by
reducing the capture capacity requirements, and provide CCUS
projects with hydrogen production tax credits flexibility.
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