What Does the Inflation Reduction Act Mean for Clean Energy?

August 2022

Leyline Examines the Inflation Reduction Act, Highlights New EV Business Models, Recaps 2022 Hot Topics & More

If you are new to Leyline Renewable Capital, our mission is to fight climate change by providing flexible capital solutions to accelerate the deployment of renewable energy. As former developers, the Leyline team knows the challenges in the project development cycle and has the expertise and capital to help.

RENEWABLE ENERGY NEWS

What Does the Inflation Reduction Act Mean for Clean Energy?

The Inflation Reduction Act’s (IRA) core focus is to reduce inflation, but it also includes the largest climate investment in U.S. history – $389 billion toward clean energy to reduce pollution, ramp up battery and solar manufacturing, and incentivize electric vehicle adoption.

All in all, the IRA is a big deal for advancing clean energy – and even more importantly, protecting people and the planet from the dangers of climate change. Read the article for more of our key takeaways.

FUNDING THE FUTURE

New Electric Vehicle Installation Business Models Emerge

The Bipartisan Infrastructure Law aims to develop 500,000 electric vehicle (EV) chargers across the nation by 2030, and it includes up to $7.5 billion to increase EV charging accessibility– a huge investment in EV infrastructure.

Until recently, companies used one of only two business models, but with the rise of EV charging in the next couple of years, there will be many ways to deploy options for ownership, financing and serving customers. Learn about one of those new business models in our article.

Worth a Look

RENEWABLE ENERGY 2022: THE YEAR THUS FAR

The world of renewable energy is growing faster than ever and showing new developments every day. Each month, we cover the hot topics in current events, tips for getting involved in renewable energy projects and developments within our company. As we move into the second half of the year, let’s take a moment to recap what’s happened thus far. Read more.

A GAME CHANGER: STAND ALONE STORAGE INVESTMENT TAX CREDIT

Included in the Inflation Reduction Act is the long-awaited stand alone energy storage investment tax credit (ITC) – an industry game changer for renewable energy deployment and grid services. Why is this provision so important? The storage ITC will create better economics for accelerated energy storage deployment, optimized siting to improve value to the grid, boost emerging technologies and propel the U.S. clean energy agenda forward. Read our full thoughts.

Latest from Leyline

LEYLINE WELCOMES STEPHANIE MANN TO THE BOARD

Join us in celebrating the newest member of our Board of Directors, Stephanie Mann. Stephanie is currently serving as the chief strategy officer for Live Oak Bank, and brings a depth of experience in financing, venture capital, mergers & acquisition, fintech and lending to Leyline's board.

HOW LEYLINE'S BRIDGE CAPITAL SOLUTION SUPPORTED INTERSECT THROUGH A CRITICAL TRANSITION

In 2020, Intersect Power, a clean infrastructure developer, started to raise capital to enable a shift in corporate strategy and long-term funding for the company’s project pipeline. But, before this transaction could close, Intersect needed to continue funding sizable project deposits and capital expenditures for a portfolio of late-stage utility-scale solar and energy storage projects. Leyline provided the solution. Learn more.