U.S. sets record in hydroelectric system investment, with new tidal energy and scaled up enhancd geothrmal pilot projects also gaining millions and grid expansion efforts getting a $1.2B infusion.
A bill that includes $78 billion worth of tax breaks for businesses–including engineering firms and construction contractors–and an expanded child tax credit has cleared an important hurdle with House approval of the package.
Project owner Electricité de France now expects to complete the project between 2029 and 2031 and estimates its cost at between $39 billion and $43 billion.