Infrastructure Investment and Jobs Act: Laying a foundation for energy transition
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The Infrastructure Investment and Jobs Act (the IIJA) recently signed into law follows through on President Biden’s commitment to reinvest in American infrastructure, by appropriating approximately USD65bn to new and expanded programs that will drive investment and innovation in clean and renewable energy sources, power transmission and energy storage solutions.
Through a series of sector-focused articles, we will take a closer look at the IIJA and the key takeaways for infrastructure and energy investors.
In this first article, we identify the provisions of the IIJA, which we believe to be of the greatest interest to energy investors, as well as potential opportunities and industry developments these provisions will drive.
