Report
Extreme heat targets the most vulnerable
Extreme heat is particularly dangerous for disadvantaged communities. Our latest climate modeling shows how it will intensify and offers strategies to help communities prepare for, withstand, and recover from the heat.
Will the Inflation Reduction Act reduce the cost of clean energy for utilities? Yes, by a lot
The IRA will cause double-digit percentage declines in the cost of clean energy across a range of technologies, creating major implications for utilities.
What’s in the Inflation Reduction Act (IRA) for utilities? In short, a spate of incentives that have the potential to supercharge clean energy development. We computed the levelized cost of energy (LCOE)—the average cost of electricity generation over the lifetime of a facility—for various technologies in 2030 with and without the IRA under a range of assumptions. The result?
All the technologies we analyzed see double-digit percentage declines in their LCOEs relative to their pre-IRA counterparts, including solar (35%), wind (49%), and green hydrogen (67%).
Read our IRA impacts paper to find out what our clean energy cost projections mean for utilities and how they can prepare for the Inflation Reduction Act.