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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.

  • Renewable Energy Credits

    US renewable energy credit market size to double to $26B by 2030



    Renewable energy credits, also known as renewable energy certificates, or RECs, are seeing an increase in attention in the U.S. energy market due to expanding state-level renewable and clean energy standards, the growing corporate renewables market and the Inflation Reduction Act. According to S&P Global Commodity Insights' analysis and forecasts, the U.S. REC market as of 2021 was valued at $11.45 billion but is forecast to swell to $26.5 billion by the end of the decade.

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

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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.

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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.

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U.S. Renewable Energy Insights

 

U.S. Corporate Renewables Outlook 2023

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

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ISO-NE Capacity Auction to Renew Downward Trend

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Webinars

 

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

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

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

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Solutions to assess how the Inflation Reduction Act
is transforming the energy industry.

  • S&P CAPITAL IQ PRO: ENERGY
    Quantifies value throughout U.S. power sector's energy transition

    Understand opportunities, costs and risks in the energy transition with first-class U.S. power and utilities sector data, electricity price forecasts, proprietary power market and regulatory research, and climate analytics. Get critical energy intelligence that quantifies value throughout the energy transition.

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  • POWER EVALUATOR
    Next-generation power plant simulation and valuation suite

    Scale up power plant valuations with S&P Global Power Evaluator. Engineered with sophisticated computing power that connects across S&P Global datasets, the valuation suite runs multiple forecasts and customizable scenarios to quantify financial, market, regulatory, and physical risks with comprehensive and timely reliable insights.

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