It’s nearly two years since the United States Congress passed the historic Inflation Reduction Act IRA, with the country’s solar sector expected to be one of its biggest beneficiaries. According to the U.S. Solar Energy Industries Association SEIA, the IRA will drive an additional 160 gigawatts GW of solar capacity over the next 10 years and lead to over $565 billion in new investments.
Manufacturers in the continent have been pushing the European Union to take urgent action to protect the industry from the growing danger of going under. Similarly, battery company Freyr which operates mostly in Norway, has stopped work at a half-finished plant near the Arctic Circle and plans to relocate to the U.S. and establish a plant in the state of Georgia. Back in February, Freyr announced it had changed its registration to the U.S. from Luxembourg.