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Manufacturing Revitalization Depends on Conquering Energy Challenges


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Manufacturing Revitalization Depends on Conquering Energy Challenges
Summary
Forward-looking organizations are thinking about energy as a key factor in their market competitiveness and seeking solutions to overcome the capital and risk barriers that come with energy infrastructure upgrades. 
Manufacturing Revitalization Depends on Conquering Energy Challenges
Laid out in President Biden’s $2 trillion American Jobs Plan is a focus on revitalizing U.S. manufacturing, fortifying the electric grid and accelerating the development and adoption of clean energy technologies. These initiatives are interconnected; incre ....

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Renewable Energy News Briefs - May 2021


legislation March 2
to update and expand the small wind investment tax credit (ITC). The Rural Wind Energy Modernization and Extension Act would strike the 100-kilowatt nameplate limitation for small wind systems and expand the maximum wind turbine size to 10 megawatts, change the definition of small wind to “distributed wind energy property,” and extend the ITC to cover 30% of a project’s costs until 2028 before phasing down to a permanent 10%. A companion bill was introduced in the House by Rep. Earl Blumenauer, D-Oregon.

Legislation introduced in the House of Representatives March 4 would
extend the renewable energy ITC for 10 years at a 30% rate. The Sunshine Forever Act (H.R. 1557), introduced by Rep. Charlie Crist, D-Florida, would extend the ITC through 2034 at the pre-phasedown rate of 30%. The ITC is now at 26% with further phasedown coming to 10% in 2024. The Sunshine Forever Act would reinstate the 30% credit for properties placed in service ....

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