October, 2022

U.S. Inflation Reduction Act: Impacts on Renewable Energy

In a recent impact analysis of the Inflation Reduction Act (IRA), UL Solutions cited renewables industry trade group American Clean Power’s statistic that, with the passing of the IRA, roughly 40% of the country’s electricity will come from wind, solar and energy storage by 2030. Overall, the demand for energy storage installations and hybrid systems stands to explode.