Where This Goes. A few years ago, data showed that Kevin McCarthy’s congressional district had more solar than any other congressman. So it wouldn’t be a surprise to you that shows that the biggest benefits from the inflation reduction act is going to republican districts. That’s the undertone and divergence of this bill, it is far more popular across both sides of the aisle with voters than it is with the politicians. I.e. voters would have supported their elected officials had they voted for this bill.
A Big Deal, No Doubt. There was no margin of error, politically, in passing the IRA through the Senate. Getting the bipartisan bill was a great win, especially for grid resilience, and now this bill gets Biden a victory tour and the industries that benefit should do the same. Spreading the message locally about the benefits is an important messaging strategy for your company no matter the political leanings of the outlet. Energy generation without commodity pricing is a great guard against inflation, added to self performance for resilience can find a willing listener on the other end.
Focus On Implementation And Execution. And now for the work ahead, at the state level. Energy policy and development is still regulated and controlled by the States and the ground game must continue to allow for competitive implementation. We have to increase the pace of deployment to keep up with the amount of investment looking to capitalize on the energy transition.
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- Reuters: Analysis – Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill
- CNN: WH climate adviser responds to McConnell claiming climate bill helps ‘rich people’
- Bloomberg: Republicans Will Take Home the Money From the Democrats’ Energy Bill
- Politico: Historic climate bill faces state schism on clean energy
- Utility Dive: Texas regulators developing aggregated DER pilot project to boost reliability
- Vox: The Inflation Reduction Act, explained
- PV-Tech: Brookfield Renewable invested US$3 billion in growth initiatives in Q2 alone
- Energy Storage News: Vistra claims battery storage portfolio will reach 1,213MW by 2026
- PV-Magazine: Ampt lawsuit asks that SolarEdge remove inverters and controllers from market
Opinion
Best, Yann