North America
July 8, 2024
Power & Utilities | Smart Grid
Visual Primer Series
Visual Primer: Bipartisan Infrastructure Law and Inflation Reduction Act – Opportunities for Utilities
Securing federal funding is an important strategy for utilities to enhance system resilience and reduce emissions, while lowering customer costs and risks associated with new projects.
The enactment of the Infrastructure Investment and Jobs Act (IIJA) in 2021, also known as the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) in 2022, has unleashed billions in federal funding for the energy sector. These include infrastructure improvements, clean energy deployment, transportation electrification, grid reliability, energy efficiency, and cyber security. Regulators across U.S. states have opened dockets requesting reports on utility actions or initiated proceedings to gather comments on utility opportunities.
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