US tax breaks lure European clean tech companies as EU lags

  • 📰 AP
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

As the world focuses on battling climate change, the scramble for clean energy technology is pitting the U.S. against Europe. Caught in the middle are companies looking for the best incentives. For now, many are looking to America.

File - Wind turbines operate in Livermore, Calif., on Wednesday, Aug. 10, 2022. Across Europe companies are weighing up the U.S. Inflation Reduction Act's $375 billion in benefits for renewable industries against the European Union's fragmented response. File - Wind turbines operate in Livermore, Calif., on Wednesday, Aug. 10, 2022. Across Europe companies are weighing up the U.S.

LONDON — Norwegian 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How can you battle something that doesn’t exist?

The more 'the world' ignores that big yellow circle in the sky, the dumber 'the world' looks!

The Only way to stop climate change is to have politicians fly on private jets without us

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in BUSİNESS

Business Business Latest News, Business Business Headlines