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Three Key Outcomes of the “One Big Beautiful Bill Act” on US Manufacturing and Innovation
The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
Rhodium Group’s Energy & Climate practice uses a multidisciplinary, data-driven approach to produce unique, independent insights into global energy dynamics, greenhouse gas emissions, and climate change.
We help public and private decision-makers understand what kind of climate future we are on track for, and what matters most for reducing greenhouse gas emissions—at the local, state, national, and international levels. By combining policy expertise with a suite of detailed energy-economic models, our research provides data-driven insights into the impacts of energy and climate change policy and real-world developments on greenhouse gas emissions, energy markets, economic output, and clean technology pathways.
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The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
Note
The House Ways and Means Committee's proposed language will raise energy costs for American households by as much as 7% in 2035, stifle energy technology innovation, increase pollution, and could put significant investment at risk.
Report
In the first quarter of 2025, clean energy and transportation investment in the United States totaled $67.3 billion, a 6.9% increase from the same period in 2024 but a 3.8% decrease from the previous quarter.
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Since the US enacted the IRA, manufacturing has emerged as the fastest-growing segment of investment in clean energy technologies. We assess the state of key clean technology supply chains for solar, wind, batteries, and electric vehicles.
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The budget reconciliation bill passed by the House has important implications for US technology investment, manufacturing, and innovation.
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This note is the fourth in a series of briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.
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We detail changes to the final bill, representing effective repeal of the most impactful energy tax credits.
Report
In the first quarter of 2025, clean energy and transportation investment in the United States totaled $67.3 billion, a 6.9% increase from the same period in 2024 but a 3.8% decrease from the previous quarter.
Note
The House Ways and Means Committee's proposed language will raise energy costs for American households by as much as 7% in 2035, stifle energy technology innovation, increase pollution, and could put significant investment at risk.
Note
Since the US enacted the IRA, manufacturing has emerged as the fastest-growing segment of investment in clean energy technologies. We assess the state of key clean technology supply chains for solar, wind, batteries, and electric vehicles.
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Using our newly developed Federal Investments in Energy Innovation database, we can, for the first time, observe what US public funding for research, development, demonstration, and deployment looks like by technology and stage.
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We estimate how much energy costs could rise for households and industry if Congress chooses to roll back and repeal key pollution regulations and energy tax credits.
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Next-generation geothermal energy has a number of advantages in meeting growing electricity demand from data centers. We estimate how much of this demand could potentially be served by geothermal over the next decade.
Note
This note is the third in a series of quarterly briefings comparing clean technology deployment and manufacturing trends in Europe and the United States as part of a collaboration between Bruegel and Rhodium Group.