More than 80% of $1 trillion clean energy technology investment in the power sector has gone to storage of energy, power networks as well as renewable energy.
EU has a new strategy called the Green Deal Industrial Plan to attain net zero and make Europe capital of industrial development as well as clean technology.
US renewables supply chain is expected to undergo an absolute reshaping thanks to the IRA which will provide options for equipment supply chain development.
With no solar retirements expected in next 3 years, it is expected to hold the majority share as compared to all other power generation options across the US.
To help modernize the existing standards, the US department of the interior is looking to help the developers save more than 1bn USD in the next 20 years.
