Federal Renewable Energy Law Leads to Some New Clean Energy Factories, But Some Newsjacking Too
August 7, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The U.S. Inflation Reduction Act (IRA) championed by President Joe Biden was enacted August 16, 2022, 12 months ago. That law directed about $369 billion of federal spending to measures to fight global climate change. The U.S. presidential campaign is 15 months away. Between now and November 2024, expect President Biden, who is running for re-election, to tout investments in clean energy made under the IRA as examples of "Bidenomics in Action."
Companies featured: Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas), First Solar Incorporated (NASDAQ:FSLR)