Boom times for US green energy as federal cash flows in - BBC News

The US government has directed unprecedented sums of money at green energy projects.

14 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, President Biden signed the Inflation Reduction Act into law in August 2022By Zoe CorbynSan FranciscoIn February US company LanzaJet, which produces sustainable aviation fuel (SAF) from ethanol, announced that it intended to build a second, larger plant on US soil.

The Inflation Reduction Act (IRA) was a "big influence", says Jimmy Samartzis, its chief executive.

The second plant would add to its facility in Soperton, Georgia - the world's first commercial scale ethanol-to-SAF plant.

"We have a global landscape that we are pursuing…[but] we have doubled down on building here in the United States because of the tax credits in the IRA, and because of the overall support system that the US government has put in place."

Signed into law by President Biden in August 2022, the IRA, along with the so-called Bipartisan Infrastructure Law (BIL) enacted in November 2021, are intended, amongst other things, to funnel billions of federal dollars into developing clean energy.

https://www.bbc.co.uk/news/business-68667140

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