The Inflation Reduction Act of 2022 represents the largest investment in clean energy in U.S. history. But key questions remain about the new law, and further guidance is needed from federal agencies.
Jeff Whittle, Managing Partner of Womble Bond Dickinson’s Houston Office and Head of the firm’s Global Energy and Natural Resources Industry Sector, discussed some of these unanswered questions with Law360. The Inflation Reduction Act provides billions to fund clean energy manufacturing, facility construction, and research. But Whittle said the Department of Energy will need to provide additional information about how these funds will be distributed.
“How are they going to give priorities to those who apply?” Whittle said. “How are those priorities going to be established? It isn't really quite clear how to get access to those funds.”