The bill, introduced by Sen. Martin Heinrich (D-NM), would create over 1M jobs and save ratepayers nearly $28B/year on power bills (thanks in large part to reduced power production costs). It’s got plenty of fans, including the National Rural Electric Cooperative and the Edison Electric Institute.
While we’re on Capitol Hill: Officials have launched a bipartisan Congressional Geothermal Caucus, which includes representatives from VA, TN, NC, and CA. The goal? To “build awareness of emerging geothermal technologies and the opportunities they create for economic growth, job creation, and grid reliability,” according to a statement.
Mon, Sep 28
Molly Glick
Energy Central Team
NEWS: Tax credits for transmission? A new bill would offer a 30% ITC for large projects (and grid-enhancing tech).
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