The Inflation Reduction Act of 2022 is the most important US clean energy legislation in recent history. The bill gives investors unprecedented policy visibility that was previously lacking. Energy tax credits have been expanded to investments such as standalone energy storage, clean transportation, hydrogen etc., opening up new investment opportunities.
On 16 August 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The bill contains USD 369 billion of spending targeted towards energy security and climate change. This is the most important clean energy legislation in recent history, and will significantly broaden the investable universe. We expect to see new investment opportunities across renewable energy, standalone energy storage, sustainable fuels, clean transportation, and traditional infrastructure supporting the domestic supply chain.