The Inflation Reduction Act of 2022 (IRA) is a game changer for accelerating America’s clean energy transition. Bringing certainty around clean energy investments, the IRA will help reduce carbon emissions, create American jobs, limit supply chain risk, and enhance U.S. energy security. Critical to this clean energy acceleration and a significant catalyst for energy storage are the introduction of the standalone storage Investment Tax Credit (ITC) and the 10% ITC domestic content bonus.
By expanding our U.S. operations and production capabilities, Fluence is positioned to be one of the first companies to provide customers with a system that qualifies for 10% ITC bonus starting in 2025.
