Renewable Energy Has Investors Cheering $369 Billion U.S Government Investment
NetworkNewsWire Editorial Coverage
NEW YORK, Feb. 2, 2023 /PRNewswire/ — It may seem hard to believe, but the first solar panels were readily available to homeowners who could afford them in the early 1980’s. Back then, the U.S. government was providing incentives to try and encourage consumer adoption. That focus on sustainability has continued — and grown. Most recently, renewable natural gas (RNG), a carbon neutral alternative to traditional natural gas derived from organic waste, has been gaining substantial momentum. The honor for the first RNG facility in North America goes to EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) (Profile), which opened its first facility in British Columbia, Canada, more than a decade ago. Whether investors are interested in solar, RNG, wind, green hydrogen or any other type of renewable energy that can reduce reliance on fossil fuels, now is a time to be excited. In part, that enthusiasm can be directly tied to the recent passage of the Inflation Reduction Act (IRA), which earmarked $369 billion for infrastructure and incentives to accelerate the use of renewable energies in a bid to combat climate change. That’s big news for companies such as EverGen, Brookfield Renewable Partners L.P. (NYSE: BEP), Clean Energy Fuels Corp. (NASDAQ: CLNE), Aemetis Inc. (NASDAQ: AMTX), Enphase Energy Inc. (NASDAQ: ENPH), and others emerging as stewards to slashing carbon emissions with innovation.