Freyr was motivated to build the factory based on the strength of the U.S. renewable energy and electric vehicle industries, coupled with the tax incentives associated with the Inflation Reduction Act. It would have been a $2.6 billion investment, creating 720 jobs.
Also on the rise: Moss Landing fire leads to emergency regulations. Trump administration pulls the plug on funding electric vehicle charging networks. And more.
Federal Transportation Department sent a letter to states saying it was suspending approval of spending plans for the National Electric Vehicle Infrastructure program.
Following the Moss Landing fire in Monterey County, local Californian counties are enacting regulation for battery energy storage systems (BESS).
Restriction on cadmium telluride exports is expected to increase costs for U.S.-based thin-film solar manufacturer First Solar.
Multiple agencies, including the U.S. Army Corps of Engineers and the Secretary of the Interior, which oversees the Bureau of Land Management, have halted approvals for wind and solar projects on federal land and in federally regulated areas.
A recent webinar by Clean Energy States Alliance highlighted how the Investment Tax Credit for standalone storage has supercharged growth, but new import duties and supply chain risks could slow progress.
Today groups that represent over 2,000 companies are holding over 100 meetings with members of Congress and staff from both parties to discuss how the tax credits are helping to drive a strong energy and manufacturing economy.
Wyoming Senator Case has yet again submitted legislation to limit net metering, jeopardizing the grassroots growth of small-scale solar power.
After the Biden administration doubled Section 301 tariffs from 25% to 50%, the Trump administration has added another 10%.
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