Joe Manchin at an event with Energy Secretary Jennifer Granholm (left). Image: Joe Manchin’s office.
Hopes have been raised once again that US lawmakers could introduce an investment tax credit (ITC) for energy storage.
The US Build Back Better Act may have floundered, but the man blocking that, US Senator Joe Manchin, is backing the Inflation Reduction Act, legislation that includes climate mitigation and clean energy promoting measures.
The tale of Manchin’s opposition to Build Back Better is long and has been told many times over by now. The new twist is that he and Senate Majority Leader Chuck Schumer have reached an agreement instead on the Inflation Reduction Act.
Key to the Virginia Democratic Senator’s change of stance on the act versus BBB – at least in Manchin’s own words – is that the Inflation Reduction Act focuses more on tax incentives…