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 solutions.

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 highlights including:

• How the technology-neutral extensions of the ITC and PTC drive significant incentives for the energy storage and solar PV sectors.
• 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.

Download your free copy now.