Inflation Reduction Act is an opportunity energy and utilities companies can’t miss

Less than a quarter of funds accessed in the first year of legislation

The Inflation Reduction Act (IRA) was signed into law on August 16, 2022, with the goal of building a clean-energy economy. Nearly $400 billion is dedicated to help lower America’s carbon emissions by the end of the decade.

But time is running out. Projects need to start now to qualify for credits or grants. Waiting another year means companies are leaving IRA dollars on the table.

Capgemini understands the lengthy and complex application process and is working with clients to scope and define projects in preparation for the funding approval. We can assist energy and utilities providers with the frameworks to learn about the incentives and grants in the IRA and how they can apply.

Read Energy and utilities companies need to act on the Inflation Reduction Act to learn how companies can take advantage of the decarbonization incentives.