Global Research Unlocked

Building Up Power Infrastructure to Cut Down Prices


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Can the Inflation Reduction Act live up to its ambitious name?
The IRA or Inflation Reduction Act passed last month is the largest climate and energy package in U.S. history. It earmarks nearly $370 billion in spending towards renewable energy. And while the benefits for residential solar are fairly clear, here we focus on the impact to utilities and the impediments and pitfalls around the energy transition. Julien discusses why corporate and industrial customers may be a critical force behind the transition, the role of nuclear and hydrogen, the need for transmission and pipeline infrastructure and what all of this could mean for power prices.
You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.
 
"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.
©2022 Bank of America Corporation. All rights reserved.
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Global Research UnlockedBy BofA Global Research

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