Alaskans in the renewable energy industry say the law is beginning to jump-start development in the state.
. People working in Alaska’s clean energy industry say the law’s financial incentives have the potential to spark much more“It’s just a different world than it was a few years ago,” said Isaac Vanderburg, president of Launch Alaska, a nonprofit focused on transitioning Alaska energy.
Biden administration officials have hit the road in recent weeks to tout the Inflation Reduction Act’s one-year anniversary and other policies they call “Bidenomics.” Transportation Secretary Pete Buttigieg isAlaska Division of Oil and Gas plans geothermal lease sale for volcano near AnchorageThe Inflation Reduction Act includes billions in corporate financial incentives designed to accelerate private investment in clean energy.
Curtis Thayer, the executive director of the Alaska Energy Authority, agreed that the Inflation Reduction Act is generating interest in Alaska renewable investments and could make Alaska-based projects that face high construction and shipping costs more viable. However, Thayer raised concerns about changing federal guidance regarding the law’s tax credits, and said that funding awarded to Alaska under the lawRose said the law is starting to take effect in Alaska and “it’s understandable” that federal agencies have needed time to develop processes to get the money out the door.
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