Senate Passes Inflation Reduction Act
The Inflation Reduction Act provides $3 billion to establish grant programs to reduce emission at ports through electrification.
According to the American Journal of Transportation, the inclusion of electrification in this bill is an enormous win for the American port industry and U.S. supply chains. it provides a brand-new source of funding for ports seeking to purchase electrified or alternative-fueled cargo-handling equipment, shore power systems, microgrids for energy resiliency, electric grid infrastructure, and more. This pivotal investment of Federal capital will make U.S. ports more resilient to extreme weather events like heat waves and storms, including through the construction of microgrids.