Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal | TechCrunch

Image for article Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal | TechCrunch
News Source : TechCrunch

News Summary

  • Republican legislators passed a reconciliation act that unwinds much of the Inflation Reduction Act (IRA) The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature
  • Solar, wind, and clean hydrogen will all lose incentives under the new bill
  • Nuclear and geothermal see some IRA benefits preserved
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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