| Across our country, a new American Revolution is underway. The revolution involves sectors from solar to nuclear, carbon capture to green hydrogen and more. Its goals are lofty. . . . . To rejuvenate the country’s rustbelt, decarbonize the world’s biggest economy, and regain control of the 21st-century’s energy supply chains from China, the world’s current cleantech superpower. This is all thanks to last year’s game-changing Inflation Reduction Act (IRA). Its hundreds of billions of dollars in cleantech subsidies are designed to spur private sector investment and accelerate the country’s decarbonization effort. In total, the IRA offers $369 billion of tax credits, grants, loans and subsidies, many of them guaranteed past 2030. The credits can be sold, too. This could allow deep-pocketed investors with enough tax liability to buy the credit. This would be a good way to get more capital to developers quickly. The Inflation Reduction Act is expected to boost investment in renewable energy to nearly $114 billion a year by 2031. Since the passage of the IRA last year, $90 billion of capital has already been committed to new projects. Credit Suisse thinks the public spending enabled by the IRA could eventually reach $800 billion. And possibly $1.7 trillion once the private spending generated by the loans and grants is included. IRA: Who Benefits? One example of a sector that will benefit from the IRA is energy storage. Estimates are that investment in energy storage will more than triple by the end of the decade, reaching $15.8 billion. Energy storage capacity additions will grow from 5gigawatts to 25 gigawatts per year by 2030. That is enough to power nearly 20 million homes.
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However, the IRA’s biggest impact may be on technologies that have yet to achieve scale, such as carbon capture and bioenergy.
And also green hydrogen. Subsidies could wipe out about half of a project cost. This would vault the U.S. from an also-ran, in the eyes of developers, to the best destination for future investment.
In simple terms, the IRA legislation was a strong, direct and clear signal that the U.S. is serious about prioritizing a move toward greener forms of energy usage. The U.S. is now the most opportunity rich, most aggressive growth, most prolific market for renewables investment in the world today. And will be for quite some time.
Of course, climate change is central to the IRA. But it is also industrial policy on a grand scale too. It aims to revamp the U.S. deteriorating infrastructure. And create advanced manufacturing jobs in rustbelt regions like western Pennsylvania, where I live. It's something the country has needed for decades. Tony Daltorio Editor @ Wall Street Spy
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First Barclays, Now Morgan Stanley, Who's Next? The list of brokerage firms saying that Tesla (Nasdaq: TSLA) is their number pick in the auto sector is growing every day. A few days ago Barclays said that Tesla is the #1 auto pick. And now Morgan Stanley is saying that Tesla will unveil technologies that are CRITICAL for mass EV adoption. Ian Wyatt has been saying this for months now: Tesla is not only spearheading the EV revolution, it is literally miles ahead of everyone else – with plans to destroy other automakers’ efforts to catch up in the EV race. Inside Microsoft's New $10 Billion Bet Microsoft (NASDAQ: MSFT) is going “all in” on this AI technology with a new $10 billion investment. Back in 2019, Microsoft invested $1 million on a new start up called OpenAI. This helped launch what is now the fastest-growing app in HISTORY: ChatGPT. Microsoft has now decided to invest $10 billion more over multiple years. This will achieve two things: boost Microsoft’s Azure cloud, and provide OpenAI with additional specially designed supercomputers to run its AI models and fuel its research.
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Tech Breakthrough That Will Change the World Bill Gates kickstarted the home computer revolution 50 years ago. And now, after seeing the staggering success of ChatGPT, he says that ChatGPT and AI “will change the world.” Microsoft recently announced a $10 billion investment in OpenAI last month: the startup behind ChatGPT. The deal values OpenAI at $29 billion. Microsoft will get paid back 75% of its investment from OpenAI profits. And it will ultimately own 49% of OpenAI. Microsoft appears to be placing big bets on artificial intelligence. And its $10 billion investment in OpenAI is just the start. This major investment has ignited a new boom that could make early investors a lot of money. New Sector to Unleash Torrent of Financial Opportunities Banking giant UBS just said that the Artificial Intelligence (AI) market will become a trillion-dollar sector that unleashes a torrent of financial opportunities. We’ve had several headline-grabbing news in the AI sector recently. . .like Microsoft’s new $10 billion deal with OpenAI. . .and Google showcasing its AI technology called “Bard” in an event in Paris. The event didn’t go so well after Bard incorrectly answered a question, which sent Google shares crashing 10% - a erasing $100 billion of market value in 1 day. | 
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