The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are revitalizing the U.S. energy system by investing in American energy supply chains, clean energy job creation, emissions reduction, and consumer energy savings.
DOE’s latest report “Investing in American Energy: Significant Impacts of the Inflation Reduction Act and Bipartisan Infrastructure Law on the U.S. Energy Economy and Emissions Reductions” describes the key results from new analysis on the impacts of IRA and BIL in OP-NEMS, a customized version of the National Energy Modeling System (NEMS). Most significantly, IRA and BIL are poised to:
