Cash, tech, speed: How the Senate bill boosts clean energy

The Senate budget reconciliation deal could open the door to a green power grid, a key ingredient in slashing emissions enough to meet the country’s near-term climate ambitions.

The electricity provisions in the deal — announced this week by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) — largely mirror the proposal laid out in last year’s failed “Build Back Better Act.” They would extend tax credits for renewables; provide new subsidies to technologies like energy storage and hydrogen; and offer bonuses to clean energy developers that pay the prevailing wage, use domestically manufactured materials and build projects in fossil fuel-reliant communities.