One year ago, with a stroke of President Biden’s pen, the Inflation Reduction Act (IRA) became law, forever changing the trajectory of our fight against climate change and boldly showing the world that the US intends to lead the clean energy future. Not a bad way to kick things into high gear.
The IRA is already driving substantial investment and job creation across the country. Over 100 major clean energy manufacturing facilities have been announced this year – roughly equivalent to the past seven years combined. The US solar industry had its best first quarter in history and the market is expected to triple in the next five years. And more than $50 billion in EV supply chain investments have been announced in the US and Canada since the IRA’s passage. All of these investments are creating real jobs, for real people in real communities. And the best part is, we’re just getting started.
In the coming months and years, billions in additional funding from the federal government and billions more from the private sector will be mobilized to further accelerate this clean energy revolution. From our perspective, there are two essential elements of this transition: it needs to happen fast and it needs to reach every community, across all corners of America. Making those two things happen requires access to data – a lot of it. That’s where UtilityAPI comes in.