Response to IRA: more government aid poses new problems

$350 million for German solar producer Meyer Burger, $1.75 billion for Swedish battery hope Northvolt: these are the sums the companies could rake in thanks to the Inflation Reduction Act (IRA) if they opened a plant in the US – per year. “What would you do if you were the CEO of one of these companies?” asked Diego Pavia yesterday, as the head of startup agency Inno-Energy presented the figures at the EU Commission’s Investors Dialogue on Energy.

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