Transforming clean energy and manufacturing in the US: The role of the Inflation Reduction Act

The Inflation Reduction Act (IRA) has created significant opportunities for large-scale construction projects in the U.S., targeting sectors such as clean energy and manufacturing. With new incentives aimed at reducing carbon emissions and encouraging sustainable practices, the IRA is transforming the landscape for developers and manufacturers. 

However, navigating the act's requirements can be complex. Our report simplifies these details, exploring key incentives, the economic impact of clean investment, alongside key factors such as regulatory challenges, supply chain dynamics and workforce considerations. 

“With IRA incentives making entering the clean energy manufacturing sector more cost effective, the U.S. energy sector gains a competitive advantage. Yet, challenges like labor shortages and political uncertainty loom as projects expand. To unlock the full potential for future growth, a collaborative government-private sector approach, supported by dedicated task forces, is imperative for sustaining the industry’s development,” says Jimmy Hanley, Vice President, Americas.  

As the IRA continues to shape the industry, we will monitor its ongoing impact on construction projects.

If you are interested in discussing this report in more detail or would like to hear more from our team of experts, we invite you to connect with Morag Murray, Director, and Adrian Sanchez, Director, who will be in attendance at the upcoming Battery Show 2024 North America.