Press Articles | Inflation Reduction Act: Increased electrification and resulting utility implications

U.S. utilities need to be proactive in adapting to the changing environment. To minimise the impact of worsening peak loads and a variable energy mix, they need to make strategic decisions and measures to manage future risks posed by key levers.

While the Inflation Reduction Act offers incentives for renewable energy sources, clean hydrogen, carbon capture and sequestration, electric vehicles, heat pumps for homes, and more, transmission infrastructure was much smaller (about $3 billion) and may need expansion with future outlays, whereas funding for cybersecurity, a major concern for utilities, was non-existent.