This Week in Climate & Clean Energy Wins: Week of 11/18:
As President Biden touted the benefits of the Inflation Reduction Act at COP27 this week, new announcements continued to roll in showing the scale of its impact. New domestic manufacturing projects worth billions of investment were announced in Georgia and Alabama, and the nation’s first EV battery materials supplier reached a major deal with Panasonic in Kansas. New reports showed the Inflation Act powering an explosion of activity in the markets for energy storage, which is projected to grow 12x in the next 5 years, and new registrations of electric vehicles are up 57% since last year. Executives from most major utilities declared that the Inflation Reduction Act would save their customers money while speeding the transition to clean energy. Leading this activity, President Biden announced ambitious new regulations and funding in Egypt, while his administration made more than $750 million in new clean energy grants available this week.
