Cleantech power United States

Does America have a clean-tech industry?

That is particularly true for the United States: technologies incubated there have not historically created a thriving clean-tech manufacturing and export sector. Those companies have typically migrated to Europe, where government investments and policy signals have nurtured domestic demand.

Are 80 percent of cleantech investments heading to Republican districts?

The FT found that more than 80 per cent of cleantech and semiconductor investments announced in the past year are heading to Republican districts, despite there having been no votes from congressional Republicans for the IRA and only lukewarm support for the Chips Act.

Can the US become a dominant player in clean-tech?

As an energy and technology leader, the US is well positioned to become a dominant player in these technologies. But it must build on its existing strengths and use targeted policy actions and investments to create a durable competitive advantage in global clean-tech markets.

How much money does a 'cleantech & semiconductor supply chain' law offer?

Passed within days of each other last August, the two laws offered more than $400bn in tax credits, loans and subsidies, all designed to spark development of a domestic cleantech and semiconductor supply chain.

What is the potential for US competitiveness in emerging clean technologies?

In Potential for US Competitiveness in Emerging Clean Technologies, a BCG study commissioned by Breakthrough Energy and Third Way, we estimate that US players could enjoy a cumulative domestic market in these technologies that will be worth from $9 trillion to $10 trillion from now through 2050.

Are tax incentives hurting cleantech developers?

The tax incentives have made the US irresistible to investors, say cleantech developers, and are sucking money away from other countries. Since the passage of the IRA last year, $90bn of capital has already been committed to new projects, according to Climate Power, an advocacy group.