The companies reaping Biden’s $624b green tech subsidies
One year after Joe Biden’s Inflation Reduction Act and Chips Act became law, FT research shows which companies are benefitting from this investment boom.
A year ago, President Joe Biden launched a new era of US industrial policy, signing into law the Inflation Reduction Act and the Chips and Science Act.
Passed within days of each other last August, the two laws offered more than $US400 billion ($624 billion) in tax credits, loans and subsidies, all designed to spark development of a domestic cleantech and semiconductor supply chain.
