Publish Date: April 24, 2023
With the passage of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), funds are available to state, local, and tribal governments; electric utilities; businesses; schools; nonprofit organizations; households; and other entities for a variety of advanced energy infrastructure projects.
Topics: State Policy, Federal Policy, Economic Impact, Michigan
Publish Date: November 15, 2022
State decision makers, from Governors and their administrations to utility regulators and lawmakers, are working to address the economic headwinds facing families and businesses – combating inflation, creating jobs, and building an American energy future that’s more affordable, reliable, clean, and independent. With deep roots in their states and communities, these leaders are working to make sure the benefits of this transition – from new jobs and investment to cleaner air and more affordable electricity – flow to those who need them most. The Inflation Reduction Act (IRA) and bipartisan Infrastructure Investment & Jobs Act (IIJA, also known as the Bipartisan Infrastructure Law) contain a wealth of resources, programs, and incentives to support all this work.
Topics: State Policy, Federal Policy, Economic Impact
Publish Date: October 7, 2022
With the passage of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), funds are available to state, local, and tribal governments; electric utilities; businesses; schools; nonprofit organizations; households; and other entities for a variety of advanced energy infrastructure projects.
Topics: State Policy, Federal Policy, Economic Impact
Publish Date: August 15, 2022
On Friday, August 12, the Inflation Reduction Act (H.R. 5376, IRA) passed the U.S. House of Representatives, the final stop in the legislative process before it arrives at President Biden’s desk for his signature. With over $396 billion in direct federal investments in advanced energy, transportation, and manufacturing, the IRA represents the largest climate and clean energy bill in US history – as well as one of the largest pieces of industrial policy in the modern era.
AEE’s Advanced Energy Manufacturing and Infrastructure (AEMI) Working Group dug into the details of the IRA and produced this detailed synopsis, cross-referencing it with other publicly available summaries to ensure accuracy. Many thanks to the team at Wilson Sonsini Goodrich & Rosati, which provided a careful review and additional analysis.
Topics: Federal Policy
Publish Date: August 11, 2022
The Infrastructure Investment and Jobs Act of 2021 and Inflation Reduction Act of 2022 will deliver unprecedented investment in advanced energy deployment and production in the United States. Drawing on previous AEE reports on federal stimulus proposals, this report estimates the economic impact of these two federal laws, both nationally and in 13 selected states. This analysis shows that the combined $444 billion invested through IIJA and IRA will stimulate an additional $1.2 trillion in private investment and result in:
This would represent a six-fold return on investment of federal dollars in advanced energy growth.
Topics: Federal Policy