US Inflation Reduction Act – August 2022

On 16 August 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The bill contains USD 369 billion of spending targeted towards energy security and climate change. This is the most important clean energy legislation in recent history, and will significantly broaden the investable universe. We expect to see new investment opportunities across renewable energy, standalone energy storage, sustainable fuels, clean transportation, and traditional infrastructure supporting the domestic supply chain.