Canary Media | Covering the clean energy transition

Solar installers on a rooftop in Washington DC

Climatetech finance

How a new national green bank could steer $27B to clean energy projects

The Inflation Reduction Act's seed funding could spur 10× as much in private-sector lending for community solar, efficiency and more in underserved neighborhoods.

By Jeff St. John . 24 August 2022

Dockworkers in safety gear move cargo containers at an industrial facility

Marine transport

3 ways the new climate law will help clean up dirty US ports

The Inflation Reduction Act includes $3 billion to slash pollution from ports by electrifying machinery, plugging ships into the grid and more.

By Maria Gallucci . 23 August 2022

An industrial drilling site in the desert in front of a snowy mountain range

Geothermal

Advanced geothermal heats up with $138M round for startup Fervo Energy

Houston-based Fervo uses drilling techniques from the oil and gas industry to tap heat deep in the Earth and turn it into clean electricity.

By Maria Gallucci . 22 August 2022

Emissions reduction

Chart: Which sectors will drive biggest emission cuts under climate bill?

The Inflation Reduction Act is expected to spur big greenhouse gas reductions in transportation, electricity, industry and more. See a sector-by-sector breakdown.

By Maria Virginia Olano . 19 August 2022

A white man with gray hair and black glasses against a blue backdrop

Nuclear

Bill Gates' nuclear startup wins $750M, loses sole fuel source

TerraPower notches a record-setting investment round led by South Korea's SK. But it has no supplier of the enriched fuel it needs, now that sourcing from Russia is off the table.

By Eric Wesoff . 18 August 2022

President Biden stands in front of a lectern near the white house

Podcast

A new era for US energy innovation

The Inflation Reduction Act has been aptly labeled a “climate bill,” but in many ways, it’s an “American competitiveness bill.”

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By Julia Pyper . 58 min . 18 August 2022

OrangeEV electric terminal tractor on the company's assembly line in Riverside, Missouri

Electric vehicles

Buckle up: Climate law to turbocharge sales of electric trucks and buses

The Inflation Reduction Act's tax credits, grants and loans could accelerate commercial EV adoption and boost U.S. manufacturing.

By Jeff St. John . 17 August 2022

Series

Inflation Reduction Act: Follow Canary's coverage

The Inflation Reduction Act, which contains $369 billion in investments to boost clean energy and curb greenhouse gas emissions, was signed into law by President Biden on August 16, 2022. It is by far the most sweeping climate legislation in U.S. history.

Electrification

Climate law could spur ‘market transformation’ in home electrification

The Inflation Reduction Act has tax credits, rebates and loans to make homes more efficient and move them from fossil fuels to electricity.

By Jeff St. John . 16 August 2022

Clean energy

Climate law may revolutionize US cleantech manufacturing. Here's how

The tax credits for solar, wind, batteries and critical minerals will last a decade, scale up with production and boost competitiveness across supply chains.