Community solar is poised for significant growth across the U.S. driven by state actions to encourage solar power and incentives in the 2022 Inflation Reduction Act (IRA). Also known as shared solar, community solar allows multiple energy customers to participate in projects that are remotely located and receive credits to lower their electricity bill.
Federal and state goals have boosted the offshore wind industry, leading to several projects under various stages of development. Although cost increases have challenged some projects along the East Coast, development activities are gaining momentum along the West Coast.
Policy developments around nuclear energy continue to evolve driven by new reactor technologies and the need for carbon-free power to support clean energy goals. Nuclear operators can have their yellowcake and eat it too as massive federal and state subsidies protect traditional nuclear power plants while underwriting the development of advanced reactors.
The market for electric vehicles (EV) continues to evolve as do efforts to address future charging needs. Recent actions range from the U.S. Environmental Protection Agency’s (EPA) proposals for tougher vehicle emissions standards to new national standards for federally-funded EV chargers, and the first round of funding under a $2.5 billion program to support charging and alternative fueling infrastructure.
