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Inflation Reduction Act: Energy Transformation

The Inflation Reduction Act - celebrated as the largest climate legislation in U.S. history is already making headways in the transformation of the energy sector. Read on to see what these changes are and learn how you can stay ahead with the latest developments.

Stay ahead with our analysis of the Inflation Reduction Act (IRA) and energy regulatory research to understand the pace of the US energy transition.


Coal Plant Retirements

Inflation Reduction Act to accelerate US coal plant retirements

U.S. coal-fired power capacity has been fading quickly for nearly a decade, but the Inflation Reduction Act passed in 2022 will accelerate the trend.

Of the 58.7 GW of coal plant capacity projected for retirement by 2030, about 24.3 GW, or 41.4%, are due to the Inflation Reduction Act, or IRA, making coal less competitive than other resources, according to a forecast from S&P Global Market Intelligence.


Looking ahead to the energy transition in 2023

Giant batteries augment, replace US power plants on massive scale

Leveraging lucrative incentives in the Inflation Reduction Act of 2022 — fully hybridized resources and energy storage stations that augment or supplant fossil generation appear poised to rapidly remake America's energy landscape.


U.S. Renewable Energy Insights


U.S. Corporate Renewables Outlook 2023


U.S. Energy Storage Surged in 2022 Despite Q4 Slowdown


ISO-NE Capacity Auction to Renew Downward Trend




U.S. Power Forecast Q4'22: Could generation shortfalls upend the energy transition?


Supercharged: U.S. Energy Storage Reaches for Deeper Impact


What will the Inflation Reduction Act Unleash? Cutting through the fog of enactment with S&P Global


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