U.S. tax breaks lure European clean tech companies as E.U. lags

— are much larger and richer than others. But to compete with the U.S., the E.U. relaxed those restrictions for clean industries, marking a fundamental change for Brussels from its long-held view that government should take a hands-off approach to free markets.

“You might have more proximity, but the cost will be much higher” if global supply lines disappear, she warned. “Will the consumer be willing to pay?” , which it called the biggest single investment ever for a standalone battery manufacturing facility in North America., LG “aims to respond to the fast-growing needs for locally manufactured batteries on the back of the IRA,” the company said.by 2025 and batteries for energy storage systems a year later.

“It’s important for us to produce batteries on both sides of the Atlantic because our customers and our supply chain partners want us to be present in both places,” CEO Jensen said at an opening ceremony for a pilot plant in Mo i Rana.

So much for only American companies controlling the green money debacle in the USA.

* tax payer funded

How much fossil fuel is used to manufacture “clean energy” devices? 🤡

utility bills have already more than doubled, can't wait until solar that doesn't generate at night and during cloudy days and wind that doesn't generate on calm days replaces all those low cost natural gas always working energy generation. thanks for NOTHING, Democrats.

Selling out US. So much for made in America.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

US tax breaks lure European clean tech companies as EU lagsNorwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production. Across Europe, companies seeking to invest in the green energy boom ranging from batteries to solar panels are making similar calculations. They're weighing up the U.S. Inflation Reduction Act’s $375 billion in benefits for renewable industries against Europe's fragmented response. Executives hail the U.S. program’s simplicity. Some complain that a plan from the 27-nation European Union is underwhelming, confusing and bureaucratic, putting Europe at risk of falling behind in the green energy transition. The Only way to stop climate change is to have politicians fly on private jets without us The more 'the world' ignores that big yellow circle in the sky, the dumber 'the world' looks! How can you battle something that doesn’t exist?
Fuente: AP - 🏆 728. / 51 Leer más »

US tax breaks lure European clean tech companies as EU lagsNorwegian startup Freyr will first build batteries to power electric vehicles and store clean energy in a remote town near the Arctic Circle. Up next? An Atlanta suburb. Biden is forcing us to become 100% reliant on China again, but instead of oil, its rare earth minerals for batteries. It's obvious that Biden & family was paid off, hence the paper trail of millions to their family from China. Where's the news on that It's all a scam. The only clean energy is nuclear.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »