The International Energy Agency (IEA) recently observed that the “energy world is at the dawn of a new industrial age–the age of clean energy technology manufacturing.” Capitalizing on this opportunity, while also advancing energy security and meeting today’s energy needs reliably and affordably, is a core challenge of our time.
A trio of laws enacted since 2021–the Bipartisan Infrastructure Law, the Inflation Reduction Act (IRA), and the CHIPS and Science Act–catapult America to the forefront of this new age. Countries around the globe are actively evaluating similar laws to unlock clean energy investment.
