US tax breaks lure European clean tech companies as EU lags

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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.

 

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