Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal | TechCrunch
News Source : TechCrunch
News Summary
- Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear and geothermal see some IRA benefits preserved
- New rules pertaining to “foreign entities of concern” could make tax credits much harder to obtain
- The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature
Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act (IRA). The bill, which passed 218214 with two Republicans voting no, [+1483 chars]
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